Point of correction: I've personally have not seen bitcoin trade below $26,000 since the downtrend began, the lowest bitcoin has traded since the crash began according to coinmarketcap is $26,350, you can confirm this from the screenshot below or you can as well do a proper research yourself on coinmarketcap.
That is close to $26000, it shouldn't be what arguing for, never mind I used argue. The price on exchanges are slightly different. I chei Binance spot trading chart and I saw $26700. Maybe it is slightly below $26000 onnsome exchanges if OP is right. But according to Binance spot trading chart, it is not even blow $26500.
When discussing the current crypto downturn in price, I think Terra Luna and TerraUSD should be excluded because what happened with this both projects is not like every normal crash but more of an attack on the project, who actually are those who attacked this project(s)?, I don't know but I believe we all know the story circulating around of what actually lead to the downturn of this both project.
The story of luna that caused some people to commit suicide can not be excluded, it proves to be shitcoin and the price went down 1000000x before moving 100x up and yet it has continue to decrease again but and very volatile. Also, UST which is algorithmic stables coin had a great fall. The story is in history how some altcoins could be deadly. And UST is not the first of its kind to have such volatile price while calling it stake coin, totally a deceit.