Indeed, a lot of the so-called experts were wrong.
The fundamentals are the same, just a lot of FUD, from people who don't understand crypto, shouting about how the last year it has dropped so much. This was totally expected and welcome. FTX hurt the space and the haters, who are hurting because their stock portfolios are down, are connecting FTX with BTC etc when traditional finance has had exactly the same things happen, Bernie Madoff, Enron etc.
BTC is volatile and the haters were hating when it was $15. Every time there is a consolidation, they rush in calling investors idiots, as subconsciously they know they themselves are the fools for not buying BTC 2 years/7 years/10 years ago. BTC has outperformed everything over the last 10 years, and they are sore. However, they are very childish with their self-righteous indignation of those who have made a lot of money with BTC, but if it makes them feel superior, carry on.