Crashes like this are part of Bitcoin’s growth cycle…because there are so many people new to bitcoin, there are many weak hands. This gives you and me more time to stack.
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I'm not convinced there was a wave of new Bitcoiners
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Yes, Recall Jack Kruse who was pushing bitcoin pre-2021. and then of course it crashed massively. Someone asked him on Twitter - 'what do you say to all the people who have lost everything becasue of your advice' - his response was "buy more".
And there will always be newbies who don’t understand why Jack was right…
#bitcoin always flows to those who believe over time, these distros are how it’s supposed to work. From weak to strong hands indeed