I am watching the video:
https://www.youtube.com/watch?v=BQU6Hhzkcmo
Capt. Frederick just said, that he does not know the status of the vessel, and whether the vessel is on the bottom or not - is speculation.
At least parts of the vessel have been found at the bottom per the Coast Guard.
I just watched the Coast Guard presser a few minutes ago. The ROVs have found the fishtail cover on the rear and the metal frame it sits in. They say the actual hull most likely imploded and there is zero chance of any survival based on the evidence.
The families have been notified and the Coast Guard will start to pull out in 24 hours time and the ROV’s will continue for awhile.
That is yesterday’s presser.