Like many events occurred over the several past years, this is one kind of FUD.
"Should I hold or exit?" "I'm afraid of getting liquidated"
All of this is done to force retailers to exit on loss or miss a buying opportunity, where profitable traders have psychological discipline to know when to act.
Bitcoin reached $70K on 29th of July and went to too low levels.
After the FOMC decision to keep interest rates, market reacted negatively same to the 1st of May.
On the 2nd of August, jobs and unemployment reports were bad resulting further decline.
From that day, stocks and cryptocurrencies printed red for 3 days.
Nikkei 225 crossed the worst decline since 1987!
Bitcoin dumped around $22K in a week!
To protect your assets from such similar scenarios, stake more, don't invest more than 20%, diversify your assets and take profits as soon as possible.