Crypto is in the process of dying.

This cycle has completely failed to deliver an alt season. No alt coin has anything to match the utility of lightning and nostr.

I personally believe that this what is holding the BTC price down.

There is insanely bullish news happening for Bitcoin, but many that hold bitcoin also hold crypto and are not fully aware of the difference. As their total portfolios are failing to meet their expectations, they are exiting their bitcoin positions.