It will be even better if we do go up significantly again, proving the uptrend to be real and sustainable this time. The market is still completely paralyzed and shattered after a year of bleeding out. Regaining trust takes some time!
Personally I think that Coinbase pump and dump removed a significant amount of confidence and trust that was being slowly rebuilt. Lotta people got burnt AGAIN by obvious insider trading
OKCoin is still sitting with 14,000 futures contracts they need to liquidate at $275 and above ...
Their insurance fund is now annihilated and traders there will be taking a significant haircut this week on their gains unless we get above that level by Friday morning
Anyone who buys futures there today or tomorrow has a high chance of buying into a guaranteed socialised loss
Well it was disappointing, yeah, but if we actually overcome it, things will be looking even more bullish. What if everyone expects the market to go down... It goes up - we all know Bitcoin, don't we? But I agree that the debacle on OKCoin doesn't look good. But keep in mind: Coins/FIAT doesn't "disappear", it merely changes its owner who may invest it again.
Where there are losers there are winners too.