Bull markets climb a wall of fear. I agree that consolidation is healthy, but sure does not seem to be a market top when I continually ask friends/acquaintances which cryptos they hold, and their response is crickets.

Once my neighbors/coworkers start entering positions en masse then that will be the true top. However, as you said, if any major Western Gov steps in (or the SEC reams all of the major exchanges) then all bets are off and look out below.