The charts don't lie, there could be a slow bleed for quite some time now, simply because of how ugly the charts look. However, the fundamentals of Bitcoin are still pretty strong, the halving will most likely begin to drive the price up at some point, only question is when. Bitcoin still has the strongest network effect and infrastructure, as well as the most venture capital at its disposal. It seems to be taking hold in countries that are feeling the early effects of a crisis that is most like coming (again, only question is when). Even the hack itself could act as a kind of supply reduction if the hacker has trouble actually using those coins. Also yes, Bitfinex is robbing Peter to pay Paul.
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If I had an American Gold Eagle for each time they supposedly did not, yet a week later everything was the opposite of what 'experts' were saying would happen..
Peter is its customers, Paul is the banks.