Why so dramatic? What kind of sorry state are you talking about? If we learned anything from BTC's history is that this situation is normal and expected considering volatile and turbulent movement of BTC. The crypto market's important feature is volatility and this is a result of its volatility. We need to do a proper research and look into the signs around BTC. The coin has a strong and committed community, it has been accepted by certain major companies and even countries, it is being implemented in different sectors and people are welcoming it as a payment method, not only investment. No need to be worried.