Dear @qsyal

FUD is indeed everywhere.

I can tell that despite how far Bitcoin has come, there are a lot (I mean a lot) of people who would like to see it fail.

Of course. During accumulation phase large players will do anything in their power to spread fear and panic. And we are in consolidation phase for quite sometime already.
This way they can stock up with cheaper crypto.

Also reality is, that youtubers are doing better than ever in times of panic or hype. Market moving sideways is just to boring. So they will always try to exploit fear or fomo as much as they can.

My personal view on current market condition is as follow:

• when we reached 30k just several weeks ago, I remember saying that it would be healthy for markets to re-test this level. And we did. So I see it as a healthy thing.

Truth be told, I consider current crypto market to be super strong. And pretty much wiped out from so called "weak hands". Even horrible event as War between Russia and Ukraine (followed by global sanctions against Russia) didn't crash the market. It just brought it to 30k levels.

Now as awful and tragic news related to LUNA (which sold thousands of thousands of BTC in their attempt to protect UST peg) also only brought this market to around $30k levels. It seem that every BTC which goes beloww 30k is being "scooped up". And it's only harder and harder to bring enough fear and panic to push more people to sell.

Based on my limited experience: whenever we reach level of total fear, then we're near the bottom.

Cheers, Piotr