It still seems like people are quite hopeful. They're hopeful that the ETF or Bakkt will save them from a prolonged bear market, and that the worst is over. So they haven't given up hope.
I also believe the worst it is over. Bitcoin cant lose much of value anymore. But that dont mean that a month after bottom price will be $10k+ and new bull run starts. After bottom there will be long period of time when there will be huge negativity towards Bitcoin in media that will expect Bitcoin to go to zero. Although price will be so so stable and no one will lose any money anymore. Bitcoin will be totally unattractive for new people. Yes old holders will try to accumulate more. Those are the real dark ages of Bitcoin cycle. Price dont go down, but people are losing hope it will ever go up.
That is very nice, I can see a lot of people are too much confident about bitcoin price that it is not going to decrease anymore. They think that bitcoin price is already touched its bottom and therefore they do not expect any more decreasing in bitcoin price. I think that such news will increase the confident level of the investors.