if it goes parabolic for too long, then I feel it makes take longer to recover in the longer term after the correction. This kind of dip or down, makes me think we have not see an all time high yet, and that the price has a higher floor.
Longer and bigger the pumps(and the bubble) goes for, the bigger the task of recovery is going to be. I think that is something that everyone can agree on. The dump is going to be much bigger as well, if the price was too high for too long.
I would really rather see bitcoin at a more modest level that it belongs to like $2k-3k, than $4k+ which i feel the price is artificially high and could be dumped at any time.
Though this panic dump is not likely to be the last... A recovery should be underway soon taking btc to newer heights, before a big dump.