The crazier part is that the influencers are still making it like this is just a dip and so they keep telling thier audience there is a signal to pump. The audiences though hare not believe this is a correction that will dip below $60k. But if I am to look at it in the longer time frame, I think it will actually. Maybe even below $50k if my speculation comes true.
Some of them has reasonable opinion though, it might be a bear trap but it can be other thing, market is full of uncertainty, granted that there will be no economic turbulence anymore price probably gonna recover.
we should also learn that past bearish also don't come out of nowhere, there's always narrative that could either causes bullish or bearish, the ETF narrative helps cause bullish, but the collapse of FTX back then where it caused people to fall victims losing majority of their asset which hopefully gonna gets credited to them back again eventually also the cause of bearish. so far there's still no narrative for sudden massive bearish. so hopefully this bearish won't last long.