I think the bear market is already here and the dump that is expected is happening again.

The market has been struggling for weeks or probably a month already, and this bad news is keeping investors away from investing their money.

The hype is over, china FUD and Elon's hate is here, so no interest in investing for now, with that, it will result in a temporary market collapse due to an overprice value of altcoins that happened during the bull run.