There is an old saying, what goes up must come down 
It was way over extended, no doubt about it. Kind of was getting ridiculous after a while. Now it just faces reality - that being it will drop hard and long.
Also the opposite can be done as well "Whatever goes down pump back" It was way over extended, no doubt about it. Kind of was getting ridiculous after a while. Now it just faces reality - that being it will drop hard and long.
Looks like, everyone wants bear market as they want to fillup their portfolio with more bitcoin before it hits $100k. Big players of crypto industry are trying to make awareness not to believe any fuds, but panic users are busy to sell so that we can buy in dip.