Even I have never seen if bitcoin is dead, the price of bitcoin dipped does not mean the bitcoin is dead. Events like this have often happened and it seems that there are still many who are panicking with situations like this that cannot control them not to sell. If we know about the crypto market, then at least we always believe that the crypto market still has the ability to recover and many people remain calm and gain profits when the market recovers.
I completely agree with your opinion, but I would like to note that the Bitcoin story has been losing its relevance lately. It is a pity that it is Bitcoin that influences the pricing of all cryptocurrencies and under external circumstances this is very bad.