I feel like the last time we saw this much FUD in the market was in September 2017 on the back of China banning ICO's and good old Jamie Dimon calling BTC a fraud. But a few weeks pas tthat and BTC went to ATH and 2 months laster was at $19k...i'm a big believer in history repeating itself and just like a long bull run will see a large correction. Likewise with prolonged bear markets - I expect to see a bull run happen quickly from mid Feb onwards post the Chinese NY as most trading (as you mentioned) comes from there.