Mobius noted that a lot of people in the crypto community consider "buying the dip," which means that bitcoin's price might further decline in the future.
According to Soloway, BTC's possible decline to $10K could "flush out all the weak nonsense" and leave only meaningful projects and determined investors.
Bitcoin’s price is currently testing the 2017 all-time high range between $17K and $20K and is constantly shadowing lower prices, indicating excess pressure from sellers.