Thanks for this comprehensive assessment on the recent "flash crash". I agree with the opinions expressed in the post.

I think that it is unlikely that Bitcoin will reach 100,000 by the end of the year. The crypto market is moving in a healthy way in my opinion. As can be seen from the logarithmic scale chart below, Bitcoin price is in line with historical averages.

There have been people who predicted that December of this year will be similar to 2013 or 2017. ( Two peaks seen on the chart) Many players in the crypto market also preferred to buy this dream. The recent decline may have been influenced by what was stated in your article, as well as the concern that the dream of a big December rally will not come true.

However, it is quite satisfactory that the Bitcoin price is doubling on average every year. In fact, Ethereum is increasing more than 3 times on average every year. I think that there is no reason to be concerned unless the market deviates from the trajectory I stated above for a very long time.

Over the past three days, the price of Bitcoin has fallen by about 9000 USD. Before the decline, 1500 Bitcoin was worth $ 85.5 million. (1500x57,000=85,500, 000) After the decline, 1500 Bitcoin is worth 72 million dollars. (1.500x48.000=72.000.000)