I must add one thing: People are missing out the bigger picture :)

BTC was born when the global markets were recovering from the 2008 subprime mortgage crisis.
Since then, the stock markets have been on a bull run, (till 2020 Feb-March)

If you look at the BTC long term charts, can we call those corrective 80-90% down cycles as corrections of the larger bull market BTC is in?

This is just another perception that BTC has been somewhat correlated with the macro stock market trends. so I personally believe this time is crucial for BTC and the overall Crypto market