What is happening with bitcoin today can be said to repeat the trend that happened in 2018, the market dropped more than 60% and made many investors panic and choose to sell at a low price, of course this is not a good choice but can reduce bigger losses .
Many people are saying that it is similar to 2018, but the reality is that it is not really similar outside of the crash. I mean in 2018 there was a logical reason for it to go down, because we had a ton of "fights" in the crypto world and some people sold bitcoin, we knew who sold it and why they sold it and it wasn't a repeatable thing and we just had to eat that and move on.
However, this time around it's just market movement and FED and recession that is causing it, so it is not really the same, it could repeat. So, I would say that it is even worse right now, not that it won't get better, of course it will get better, it just means that the same type of crash could happen at any moment because the reasons could be replicated again.