BTC bear market is probably in the final despair stage of a bear market where most weak hands sell or give up. Hope to see a good rebound from here soon.
still a big chance to see a failed retest of $5k+ and test new ATL somewhere in $3-3.6k per BTC
I think that such a price is not beneficial to anyone. Neither miners nor major holders, nor speculators. After such a fall, many will leave this market and it will be very difficult to regain their confidence again. Every day they write that Bitcoin will soon die, this is a pyramid, Bitcoin will drop below $ 1,000, and so on. Such news is the first sign of a reversal.