The cryptocurrency market is developing cyclically and now we are in the stage of decline and formation of prerequisites for a new stage of growth. Therefore, to sell now is to make a mistake and lose money. In this case, we should focus only on long-term holding and wait for the beginning of a new cycle of development of this market.
Actually I rather see us being in the accumulation stage now as we seem to have bottomed out pretty much at this point. But I agree with the idea that this market is moving very cyclically and you can identify with a bit research in what phase we currently are.
Do you have a source that describes the current market cycle as "decline and formation "?