So what is your leading theory on why coins are down so much?

This will be largely speculation since "nobody knows shit" but what is your reasoning on the big bleed this year? Government incompetence? The pandemic? War in Ukraine? Oil wars? Rising inflation? The crypto industry was overvalued? CEX fees are inappropriately high for the average user? ETH gas fees are too high? Rent is too damn high? Whales manipulating the markets? Elon Musk sucking up all the world's money like a vacuum cleaner and depositing it into his own personal bank accounts? A Ghislaine Maxwell trial ending in no additional prosecutions? Roe V Wade being mock debated behind closed doors for the past couple months? The groundhog saw his shadow this year? A combination of some or all of these things? Or is it likely, as we all suspect.... because of those damn paper hands....