This is what Wall Street call "price discovery".
Wall Street loves meaningless buzz-phrases like that. Drives me insane sometimes. If you read an analysts report, you'll see bloated "analysis" which purports to show why a stock is going to be higher or lower. In other words, it's fluff. If they were honest, those analysts would write that they're pulling predictions out of their asses.
Anyhow, I didn't realize bitcoin had dropped so much. I haven't seen it below $6k for a while now, but sometimes things happen when I'm sleeping and then gets reversed by the time I wake up. I'm fine with where it's at right now, which is around $6.3k. I don't pretend to know where bitcoin is headed, but frankly we could be a lot lower than we are. I'm grateful for that.
This is how they secure their comfy positions up there. Use a bunch of senseless jargon so normal folk like us get headaches trying to decipher it and just end up hiring an "expert", whose track record isn't much better than a monkey pressing buy or sell buttons.
Economics as a study is complete nonsense if you ask me. Its theories of "perfect efficiency" only work in a vacuum. For real life, there's something else involved. We call it greed, fear, and rationality. I don't think they've figured this out fully yet, but they sure are trying.