It is a natural submissiveness if we look at the history of the decline that occurred after the ATH in the previous period. If you count in percent it may be almost the same. Perhaps today the differentiator is the problem of a bad world economy. The world economy will be difficult when the World Bank raises interest rates, but countries cannot get income. It makes the flow of money to crypto may go down because they prefer gold Or even they are sipping the stable coin to wait for the best moment to re-enter the market.
New normal, all costs will remain high and charged to the taxpayer.
One scenario has played out differently in years past, the miner situation and macro are concerning.
Leaning toward a 2018-style capitulation historically, this is a good entry point
Worst case a fifty percent drop from ATH 2017, thats a risk. Reward, one thousand percent in a few years. Ill take that risk.