Yup, don't like the price, don't buy it.
There is no point in hyping a "$116 off" sale when the month-on-month pricing is trending down ~15%/month across most of the product stack and Nvidia just announced price cuts on its end, which should help sustain the downward trend.
You could always buy a GPU now, then return it at the end of the refund window to get price-matched against the price drop. Rinse and repeat until prices stop dropping at such a rate.
Nvidia most certainly did
not announce any price cuts on its end, and in fact that's just a bogus Videocardz rumor. I suspected as much but still reached out to my contacts. Those who responded basically said what you'd expect: Contracts are made months in advance by executives, they're not disclosed, and with the Russian invasion of Ukraine and the uncertainty that creates, it's unlikely Nvidia would be dropping prices right now — officially or unofficially. It's almost like VC took the retail price drops and turned that into an "Nvidia cuts prices" article just to drum up traffic.
I suspect the rate of decline will slow down in the coming months, as shortages still exist, demand is still high, and Nvidia likely isn't ramping up production on soon-to-be-replaced Ampere models.
The card at hand, meanwhile, is still officially down in pricing and so it represents a "deal" of sorts. If it were a 10GB model, it would be a much bigger issue, but the 12GB cards have always had similar to 3080 Ti pricing.