Why is the current plunge of Bitcoin far more dangerous than the "2022 Winter": There are no black swans, only "sell sell sell"

In the past year, the trend of cryptocurrency prices, such as Bitcoin, should have been very favorable. For example, the US Congress has been actively discussing new legislation in the cryptocurrency field to promote more stable legal status for cryptocurrency assets; at the same time, the industry has also avoided major bankruptcies and forced liquidation events that had previously periodically crushed digital token prices.