There are few possible options from what I think.
1. Correction.
As we see on the stock market the prices of the stocks are in a correction phase, just the same as crypto's.
2. Where in the next cycle.

3. Manipulation.
There are bigger entities than we know that manipulate the crypto, but does that also mean they manipulate the stocks?
Take these assumption with a grain of salt. My plan is to buy more crypto's while they are on sale because I believe in option 2, and we are ATM at the anger stage. It would take at least a few months to see a bull-run if not years. Good luck with shorting the market my friends.
Many people right now is anger because of the current situation of the crypto price especially Bitcoin. So I suggest to those people who buy high and sell low to not do ot again because stupid thing to do. Right now is the good time to buy Bitcoin because its price is so more cheaper. And wait for the rise because when the market start to manipulate then sooner or later the higher price will come back.