Indeed, reversal often comes after nobody thinks that anything can change. But this time it's not easy to get to capitulation, especially as the numbers are not far from the expected range (especially as percents), hence the theory tells the bull run is not over yet.

I don't know though what can get the price back. Possibly the (full?) recovery of the hash rate, but that will still take a while...
Some do have expectations from Musk vs Dorsey talk, but I don't. I'd be happy to be wrong though.