The market is too overheated FOMO, this will only lead to losses and seas of blood.
the market has already recovered but the problem is that this recovery was only on the bitcoin side, altcoins are having a big price drop against bitcoin pair - altcoin but this can also be a good chance people buy altcoins now and wait when bitcoin price stagnates in a zone, at that time altcoins will be able to easily make profits of more than 2X
this is just a game and a joke, but when there are influencers who promote it then it will become popular and affect many people's perceptions so that the market moves along.
It's sad what you see in this cryptocurrency market, someone wakes up and creates altcoin named after a Japanese fish or a dog name and so many people buy the coin making the coin creator become rich