I think for those who have been in cryptocurrency since 2009 can best explain whats happening but for us who has joined 2017 which was already the peak of bitcoin price,this is quite alarming. Anyhow, this is just part of the volatility which we need to overcome.Lets just keep the positive mindset.
Rare to see there was people who already involved to cryptocurrency since 2009 because bitcoin at that time is not so popular and usually people will ignore bitcoin at that time because the price still very cheap and regarding crypto market situations i think nobody can explain it properly because i'm pretty sure the current situations are beyond out from people expectation