I do not agree with your opinion and the reasons for the decline in the market that you have indicated. I doubt that full market regulation will have a positive effect on the cryptocurrency industry. In this case, the market should completely change.
We have different observation on the flight of Bitcoin on the Crypto Market. We seen that some expert opinion as posted that the same observation they have, high volatility, Bitcoin is oversold, no more taker even with the low price. Not to mention the issues by the government on Regulation which contribute further to low confidence level of the consumets on the market.all of this indicators if factored in contribute to the present situation of the crypto market.but market correction follow after the drops.