And if anything, it's looking like it could get worse. I remember around Dec 2018 when we all started to think BTC was all stable and out of nowhere it started to go down from 6k to 3k in a couple of days. Lolol. Same thing with the drop of Jan 2015, from 300 to 150.
I also remember last year most people (including myself) expecting $100K prices, but that never happened. I also remember in 2018 when it seemed like Bitcoin was stable, and most people thought the bottom was in, prior to price dropping in half. To me there is more significance to the fact that price didn't reach $100K last year and $6K wasn't the bottom in 2018 despite most people thinking this would be the case.
Currently it seems clear that most people are expecting another drop, towards $12K or similar. If history repeats itself, then most will get it wrong. I'd generally be a lot more concerned about a big drop if most people thought the bottom was in already, but given that most seem to think the bottom isn't in, mainly as they are convinced as negative CPI and fed rates will cause prices to drop further.
But those 50% drops marked the bottom tho. So be on the look out for that this time around too.
I agree here, Bitcoin quickly dropping 50% within a matter of weeks after months of price stability is usually a good indicator of a bottom being formed. Ironically, this has already happened, even if it can happen again:
I'm not saying this is the bottom, but just referencing that if you're looking for that quick 50% drop for a bottom to form then look no further...