I don't know if the next leg has started yet, but, from what I'm seeing with the on-chain analysis there is about another 3 months before long term holders have filled their bags again. Price may stay the same, dip a little further or even head back up while this is happening, but what I do know is at the end of this time the price will definitely be off the lows and trending up. Then maybe another 1 - 3 months for the new entrants to arrive again and the price will go up several times. 100k will be broken this time around.