It's not in a bad state all things considered. We are facing high post covid inflation, a huge war in Europe, we might face energy shortages due to countries looking for new suppliers of natural gas and oil and global markets are reacting to the news. Bitcoin is acting much more stable this year compared to other bearish years. Go ahead and compare the last 4 months to the first 4 months of 2018 and you'll know what I'm talking about.