The whole world is now waiting for a crash. Bitcoin will not go below 100,000 now. Retail investors are afraid of heights, shorting at high points, while big players are going long. Why?
Because they have the capital to pump the price, they know how high they can push it. They see Bitcoin reaching heights of 700,000 to 800,000 USD, and now is the bottom. Retail investors only see Bitcoin reaching 110,000 USD, and there is little room for growth now, so the ones getting hurt are the common people.
The way Bitcoin kills the common people is by continuously rising, while retail investors short at what they think are high points, handing over their money. The way altcoins kill is by continuously falling, waiting until retail investors are completely out before continuing to harvest.