This season, there is something called the BTC investment fund, making many people overlook the harshness of the market.
The essence of the investment fund is that individuals buy BTC through the fund, which is like countless small fish following the big fish. These small fish continuously pump money into the market, causing many to believe that the big fish are buying. Now that BTC is being sold off, it is also because of these people.
The price range is starting to see significant participation from the investment fund's capital starting from around 4x-6x. So it is not surprising if in 1-2 weeks BTC returns to this price.
The best thing is for those who have capital, do not foolishly try to catch the bottom at this time, when most investors buying BTC are already in profit; if you jump in, it will only be to get dumped on.