This post sums up the market right now lol - search for logic, you will find none, things will just keep falling unless there is a real catalyst, things won't run on anticipation etc. like they do when the money is freely flowing.
Shells with near negative EV used to be rare and scooped up quick, now even the low EV shells need to really demonstrate some value otherwise that's where they'll stagnate. Market has become much more conservative.