so you could say at least 50% of the people entering the market then are just people who buy on the hype. these people need a reason to come back and buy bitcoin again , and i don't see it happening very soon. and like someone else said here , it will be really interesting to see what will happen when the bear market stays for at least a couple of months.
Some are already backing out in BTC,since they invested the time that BTC is in hyped, without them analyzing that when it drops is there way again to earn. Many were planning to buy when it dips, but we should at least wish too that it will arise by next quarter.