Is crypto correcting or crashing? Because I profited a bit when I bought btc right under $20k a week later it seems to be rebounding. My speculation is people w

Is crypto correcting or crashing? Because I profited a bit when I bought btc right under $20k a week later it seems to be rebounding. My speculation is people want it to fall so they can buy low like I did. The panic just isn't there, yes it has and will go down dramatically but the people that buy crypto still have expendible liquidity. This is crypto being naturally unstable, it isn't an index fund you expect to remain stable. Investing aside illicit use of crypto alone will ensure significant cashflow in my opinion. It isn't just speculative investors that are in the game. As an investment, it has a lot if vaue similar to derivatives, inherent value is not as significant as consumer/investor demand.