From my view, there are  two main reasons about this situation. Bad news and regulations of bitcoin, which leads to the bearish market. Also, in previous time like in year 2017, the bullish market is so crazy and we need to have correction on the market. A lot of money has already out of the market, so we need the new people and new money coming into the market to make the bull again. Before that happens, what we shall do now is hold and wait.