To elaborate, crypto still directionally tied to US equities and especially growth stocks. Those are dying and in my opinion the drivers of that trend are more likely to escalate than the opposite.
Within crypto, there is massive uncertainty, very little in the way of sustained bids, credit has completely dried up as counterparty risk now explicit and considerable + there is a high likelihood of further forces selling due to contagion from Celcius/3AC and others blowing up.
Maybe we are near the bottom but imo more likely we continue to trend down. Even if it is the bottom, safer to wait until trend has more categorically and clearly reversed and miss a few % of upside than gamble, get it wrong and lose 50%.
Again just my opinion and I could be way off. Historically BTC has given plenty of time to buy around the low. Only exception was post March 2020 and that was because the Fed and other central banks were actively injecting unprecedented liquidity into all financial markets. Exact opposite situation to now.