maybe you are opinion is correct...
But, i think this case is impact from news or issued maybe from south korea about closing cryptocurrency and friends.

No one really knows if its a correction or bubble burst or South Korea or CME. Everyone has their own take over the recent plunge. Crypto in all has been highly volatile over the months and major correction was needed for the market to get more stable and stronger. The fundamentally strong coins will surely win down the lane. If not today, at least in a long term.

The obsession over market movement will always be disconcerting for crypto, new hands are looking at it as a commodity rather than understanding the real world use case, these price movements do nothing more than worsen the pandemonium of describing crypto as an unregulated market manipulated by rent-seeking elites.

Agree, this is the long overdue correction. When we first hit $10K, everybody was expecting correction to $8K. Unfortunately, that never happened and Bitcoin straight rising to $19K shortly after. Just like you said, we were missing the fundamental needed to recah these near 20K level. Heck, even Bitcoin network is still clogged up and fees are still high.

The fall of the crypto currency market always gives an opportunity to purchase good coins at a low price. Therefore, in this respect, the volatility of the crypto currency plays a very good role.
       The second good point in the drop in the price of bitcoin is that it is not pumped up like a bubble and does not bring its death to this end. The higher the price of bitcoin, the greater the risk in its investment, the more likely that states will take measures to contain its price.

Your opinion is the one most likely to be correct. People jumped into crypto for quick profits and pumped the shit out of altcoins so regular correction was inevitable, and it happened. its better.

Yes we need this kind of healthy correction Markets cant be always uptrend or else we will have a bubble burst. But in these scenario you should guys hold or not sell at lost at least. Cryptocurrencies got a very volatile market so you should do your reasearch, study and learn first before making any move or invesment. The safest way is to hold at the moment.
Cryptocurrency market is manipulable by large institution or whales. But if you're a wise trader you will not got victimized by their trap. That's why i am advising you to reasearch well and widen your network it will help a lot as well.

Yes, it's healthy because it may revitalize it. Currently there are too many coins and ICOs and plunge can clean up the cryptomarket from so-called shitcoins. Also currently there is loss of interest to bitcoin due to its high price. Newbies cannot afford investing in it. Drop in price could help.