Are you looking for the real reason behind the massive declines we've seen recently?
The answer is 2 words = Interest Rate.
The US is going to keep on raising it and investors are looking for save haven that pays sure dividends ... so the US Dollar that everyone has buried in the last decade is outperforming all the Cryptos, and soon the EUR/USD will hit a parity (it's $1.25 now, it won't stay like this for a long time).
History always repeats itself, one way or another.
Maybe your statement above was maybe true but you don't have enough evidence as a source of why these are the real reason why bitcoin massive declines in the markets. We don't even know what is the main reason behind these facing issues of bitcoin, why the price is not raising up besides of steady movements of bitcoin at a range of 10k USD to 9KUSD. We can make a lot of prediction or something FUD on bitcoin.
History always repeats itself, one way or another.
That's really the real reason of massive declines price of bitcoin, if you try to look back the chart price of bitcoin compared last few years.
January and February month is a bloody month of all crypto currencies.