I don't think many people are on edge. The Bitcoin price is constantly fluctuating and the recent rise was always going to correct itself. Either way, no matter how low we fall, we will always recover even if it takes a while. HODL HODL HODL...
The only people panic selling are those in it for the short haul. They'll buy back in once the price rises again. We on the other hand are here to stay. That involves riding each wave as they come. The peaks and troughs included.