BTC the big short and Long ideaBTC reached its peak of $73k. Next is a correction wave then back to a $72k bounce then continue the correction wave until probably 60k then bounce up then a quick flush crash for all markets, not just crypto. Why? Everyone is now using leverage(futures, CFD) and few are interested in buying without borrowing. That is also why you can notice many exchanges have been only listing coins in the futures market.
Flush, then the great run of the century to $200k+
But flush to 38-28k I see it as a necessary thing and part of the system design of all markets.
Invalidation is daily close above FWB:73K