It seems to be heading too but it's not certain because the market hasn't shown a hard and deep crash. However, I think conditions like this also create boredom for market players who have bought before, as you also mean. Yes. At least we can learn from the market that it is still demand that causes prices to rise. In essence, currently fresh funds are talking.
Now the price of Bitcoin is below $40K, which means the price decline is quite large, although not so deep compared to the highest price reached this month. And things like this can certainly not only cause boredom for market players, but can also cause a bit of panic among market players who are just starting out. Meanwhile, for investors and old traders who are used to such conditions, of course they will see this as the best opportunity to buy again before the halving arrives.