It's hard to say. I think the price of BTC has dropped so much that even HODL'ers might start panic selling. I wonder how many people who entered the crypto market in December and January have sold. Those are probably the weakest hands. There's a chance for a downward spiral: the more the price drops, the more people will panic sell.

I'm keeping my eye on the price (lol) and once everyone is sure crypto is dead and the price is below $1000, that is when you know to go 'all-in'.