I disagree, this bleeding red market has been foreseen and expected, not just FUD. Looks at how the NFTs hype brought up many newbies that know nothing about crypto at all. Looks at how many coins inflated that boast about their security but got hacked easily. The bullshit of some stable coins, the public shilling from influence figure,... FUD alone can't do this kind of damage to the whole market. We're way over due for a massive correction on the market. My only hope is that cryptos can be at least a bit better after all of this.
Many factors caused the market to fall during this time but after all this storm the market will be in a recovery phase to overcome all the past FUD problems. I hope the presence of beginners in crypto should already have knowledge of crypto fundamentally not just involvement because of the hype that makes it the worst factor to bring down the crypto market.