Market condition is just crashed but not destroyed. It is the general phenomenon of every market one is a crash market and other is the boom market. So, the crash is the opportunity for the buying situation.
And I think this is a domino effect that we're still on the bear market.
Stocks are also having a very bad year and I think this isn't a coincidence. To prove what you said that every market should undergo a crash, dip, correction or whatever we call that. But the problem here is most of the newbie investors doesn't see this as an opportunity to entry while most of the coins are cheap.