It's funny how people are panicking right now, and these are the same people who were FOMOing hard at the top.

At the end of the day the bull market was always going to be unsustainable, and everyone should have known that. There was no way that BTC was going to grow at 300% APY no matter how much people try to convince you otherwise.

People lost a lot of rationality during this bull market due to the Fed's easy monetary policy and QE. Now that is reversing, overleveraged traders will be in for a rude shock, as well as retail investors who only know low interest rate environments as the norm.