I saw the same thing happen with GTAT; it was really really sad watching lots of retail investors literally lose their life savings for a company that was about as hyped as the crypto markets.

The truth is one of the main things propping up the price right now is the lack of liquidity to fiat; e.g. alot of crypto rich guys are only crypto rich... if they all tried to start cashing out to fiat the price wouild tank. So instead everyone is pinning their hopes on bitcoin acceptance as currency in the future (LN)... except that the same problem will happen: if Starbucks or Target or whoever starts widely accepting bitcoin and people who are crypto long start spending those coins the merchants will need to trade those coins for fiat anyway (Starbucks coffee suppliers are not likely to want to accept crypto at least at first) So the liquidity crunch still happens but just one transaction down the line.

The price will not recover until we get a sustained large influx of fiat into the crypto again and that wont happen until retail investors see an ability to transact in bitcoin on any scale thats not what it currently is (tiny) which will happen but the growing pains of getting people transacting in bitcoin is going to cause the price to drop to 1-2K. Thats my entry point.