This year's bear market is very similar to the one after the ICO bubble burst in 2018. Back then, it was a wave of ICOs going to zero, and now it's a wave of DeFi and Meme tokens going to zero. If the crypto space doesn't introduce new concepts like DeFi did this year or next year, it might end up like 2018, with project teams and exchanges all facing significant losses.

By the way, $BTC 's expected correction yesterday hasn't appeared yet; the market has been sideways, but there is divergence between price and volume on the 4-hour chart. Even if the bears don't push it over the weekend, they will on Monday, so bulls need to be cautious.
Regarding altcoins, only $XPL has the potential to move! If the correction reaches level 1 and the overall market can hold steady, it might be a good opportunity to buy the dip.