If the market has taught us one thing last year, then it's the fact that you shouldn't judge a market on how it's moving in the very short term. Last year things were exactly the same, where at a sudden point the entire market exploded like there was no tomorrow. It was pure madness, where speculation, Japan adoption, South Korea adoption, hype, fomo, future markets, etc, all contributed to the crazy all time high peak. The only thing that's somewhat annoying me, is how much value people think the $20,000 all time high really has. It's a speculative peak based on nothing else. If you purely focus on that peak, then current levels indeed make you think that the market has gone down significantly, but that's not the reality.