Bitcoin, and the crypto world as well, had their bubble periods but this doesn't mean that everything is ending. It takes time to recover of course but we are still at the beginning, I don't think this market is going to end here.
I think this year is not a bubble, but many whales are preparing for the momentum to face the rally early next year, this year there are too many cases and even the number of ETF proposals that attract speculators to make prices tend to go down, the impact is indeed on the level of market panic that is too high , but you are right that this does not mean the end, but bitcoin will experience a period of saturation to be in a downtrend and will bounce back positively very quickly.