Hello @edicted
It is certainly incomprehensible, these pullbacks are extraordinary buying opportunities, but fear has paralyzed both big investors and traders, I think the reason for all this is the whole context that the economic and financial structures in the world are going through, that adding to the projects to regulate cryptocurrencies, economic sanctions, and the recent announcements of the FED are conditions that create doubts whether the cryptocurrency market can continue to plummet even more, and just the fact of not being able to project what will be the bottom paralyzes any intention to buy.
Best regards, be well.