Stay safe Ladies and Gentlemen
Because of this (and also, that I lost some here - not much, but always), I'm staying on sidelines, it's too volatile both ways, to make any assumption.
IMO this isn't the end - the end we will have, when everyone will be in despair, and real panic mode - calling suicidal lines or something.
Even drop to 2K, wouldn't surprise me after, what I have seen. IMO "the street" have come in, and they are maybe not panicing, but they are nervous.
Some funds have gone out, some are in, but they will want to kill it for now, to get in, in cheaper price, cause let's say - 6-8K isn't so convincing for them I think.
A lot of cryptos are so so overvalued to their network impact and network weight, that I also would want to see them correct.
A lot of people bought cryptos on credit, with recent high - they are nervous now. If they will dump, it can be really bad.
Bearish markets don't end with 1.5 months, even in crypto, so I don't expect it to end now. At least 1 month more. But that's my opinion (and price can waterfall even more especially with alts - they don't have any major support levels on most of them).