We are long past the days of selling bitcoins in a panic, though the world has not yet adopted it, the relatively few adopters have come to trust the system.
i hope you are right but people are still panic selling their bitcoins form time to time in order not to lose their money if the price is going to be dumped
If the selling would be caused by panic, I think it would go down much faster.
This is some calculated selling, maybe to keep the winnings from befor halving day.