BTC needs to die off, sure. But people also need to realize that just because BTC dies or drops in value doesn't mean that the rest of the market should care at all. I really wish it hadn't batted an eye. If anything, all that Market Cap that Bitcoin is holding onto should have been converted to the superior tokens surrounding it years ago.
Now we have a corrupted coin controlled by deranged financial elitists in charge of a global market... wtf?
I say BTC is going down to 1200 USD. The alts will probably get dragged down along with it, which is bullshit. But the markets will recover circa 2022 to break ATH's. BTC will continue to fall from there and remain a broken mess. Exchanges will halt BTC trading pairs, etc.