RE: Bitcoin has never consolidated in this range before.

BTC never solidified at this price range, true, it only stayed there for a few days, but we've been around the 18-22k price for over a week now, and if this trend continues, it means good news. The fact that hedge fund, retail and foundations money went this hard into BTC without support in their portfolios to defend the price is hilarious and, given how much the market is bleeding and so many projects are not going to see the light of day after this is just normal market behavior, only the solid communities and intelligent investors are going to come out of this with the upper hand. I'm slowly going back at risk positions after a few weeks of staying in stablecoins after escaping when BTC seemed would drop to 28k. I recently invested on Hive and Leo because as you say, only the solid projects will endure, and Hive is ridiculously underrated at the time.