Sentiment was great, reality did not cooperate.
Discussion
The SuPeRcyCle isn't dead.
They just want more of our Sats.
Sentiment only matters if we are talking about speculative investments.
People even hold money (USD) when it's a losing proposition.
Last bear market Monero fell less than BTC. This bear episode it's stable/slightly rising. People use it and many need it.
Ignoring tail emission and a potential inflation bug.
But then USD has an inflation bug as well - it's called the FED.