According to Jonathan Cheesman, a partner at investment firm Distributed Global, Bitcoin has fallen due to five major reasons: macro trend, speculative dominance, regulatory uncertainty, short selling, and scams.
But, as the market and cryptocurrencies as an asset class continue to see improvements in infrastructure and regulation, Cheesman explained that a growing number of investors will recognize cryptocurrencies as robust and legitimate stores of value.
https://www.ccn.com/investor-bitcoin-fell-due-to-regulatory-sell-pressure-will-recover-soon/Sounds good for me but sadly there was so many people are still speculating the bitcoin market. you can see that how it has been getting a short pump from 6k to the 6.4k just in a night and then it has been dumping again to the bottom.
the growth of crypto will be unhealthy. ETF has made it even worst because it just like give a negative impact to the market.