If it's untrue then how all are in free fall?
No distinction of currency coins, privacy coins, tokens, blockchains, protocols, utilities etc.
All are falling.
If anything this also showed to us that many of those that are holding bitcoin are also speculators and really do not believe in the technology behind it, but this is nothing new we have known from the beginning that many of those that have invested in this market do not really believe in it, the only thing that they want out of the market is to make a lot of money out of it.