Yes i agree with @alao i think people are going into a frenzy over nothing. Tbh i am not sure if or how many people in crypto have had much experience in the institutional markets, but i would suspect the majority have and for those that haven’t. They have not yet developed the mindset that what goes up must come down and back up again.

If you look at the long term bollinger bands we have been happily bobbing up and down in the lower half for a while now. Once this frenzy of selling has slowed down i can see a massive bullish run possibly tipping 20k.