That's exactly what OP wants to instill - fear. This kind of thiing always happens - or have you forgotten so soon?
Massive spike, followed by correction - during the dip, the bears are always saying that it will crash all the way, instead of just right above the previous peak levels (7.7k in this case), and draw made-up charts.
IF you want to sell, sell it. I'll take some cheap coins.
When we will crash through 400B$ mktcap, I'll remind these words, to you.
You say this as we are in next paradigm. Are we? No
This is manipulated market from the start of it, and it's no different. Every bigger whale sees that there won't be more money, so takes what they have and run. There is 6-10B$ real money in whole crypto - now how it can so high marketcap? Obviosly - low supply on exchanges + pumps.
Now pumpers have taken profit, people are panicking, bad newses, creates more panick, anxiety, people see, that it isn't necessary what it should be, tech isn't still here, adoption is near 0, so they pull out money too. Nobody is buying, because buying in a downtrend is a suicidial in crypto world. So we are eating through this buy walls, like shark. We will have bounce for some to get out. Like 2014. Patterns usually doesn't change. And if you say that Bitcoin isn't now overvalued you are in denial.
We should go back just to the price, where miners will be at break even (2-2.8K, as I heard recently).
So yeah, pretty steep, just like 2015.
