I don't think it's going to be gut wrenching like cycles past because of institutional players, but they won't make it comfortable for retail users. It's a squeeze. Tech and AI plays are going to be hit for a while too. They will go up long term, but the algo bots that run things run on headline bursts and short term figures.
I am shifting hard into GLD and then just phyical metals for a while myself while I also build up my solar powered mining infrastructure.
$125,000 to $84,000 in the matter of a month is pretty gut wrenching lol I think and feel most will move into other assets in the coming year. Not saying bitcoin wont bounce back in a year or two but next year I have a feeling it's going to be pretty down and out.
I guess I am just that numb to it all at this point, lol. All I know is my miners are still mining. Other than that, it's going to do what it's going to do.