This is how a bull cycle gets strong, by having a huge dip and coming back.

For those who missed the 2017 cycle, there was a similar massive drop in 2016 and people were having major FUD thinking bear season is upon us. But soon after that not only BTC recovered but it reached ATH and then the bull cycle went on for another year.

This 40% seems bad but people clearly aren't scared, look at the amount of in-flow money in stable coin in exchanges.

This is precisely how a bull cycle gets strong, upon a dip and it doesn't faze the investors. Only makes them that much more greedy after it recovers.

For those who experience this for the first, this is a powerful brain connection they will make that dip is a discount season and not bear season.