Perspective I suppose. I never saw a failed rally, I'm still waiting for the rally. I also fully anticipated the drop to current levels. I see it as part of the logical transformation from bear to bull - typical of such a sideways period.
For crypto to drop below its 2018 ATLs would be against all reason for a technology in the early phases of rapid adoption. Stranger things have happened, but a further fundamental decline in price is completely contrary to logic.