I just wanted to share a thought I've had that I haven't really seen expressed on these subs but I am wondering if there is a case for it-

We've watched the overall market cap drop from about $800 billion down to as low as $350 billion and roughly stabilizing (for the moment) around $400 billion.

I've noticed as the prices have come down so too has the volume trade gone down - I've seen it as high as $80 billion within the last 24 hours down to $19 billion today. The good news - I believe - is this low market volume means this isn't a result of "mass panic" or "noobs selling at all time lows" but instead finding the balance of the market without a lot of new money coming in. People aren't really buying or selling very much lately is what it comes down to. But even if a $350B market cap is where things stabilize with low volume - that's still settling down at a higher volume than was trading as late as November.

We have to remember a lot of new money has come into the crypto market during the 3rd and 4th quarter of last year. A lot more people know about crypto than ever before and overall there's more money invested than there was last November (although it was still on a run-up). This is also similar to historical bitcoin correction behavior.