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.
Of course, why should we expect the other way around? That can be a big problem with this industry...this is the industry where speculators are congregating and now that things are not doing well these speculators are gone as many of them got burned lost money and will never come back to cryptocurrency for a long, long time not unless there can be incentives for them to get back. Not just speculators actually but also scammers and hackers...