I know that at first sight, it looks dramatic. BTC's price is down by more than 25%, but guess what, the number of daily transactions is down, and so is the backlog of unconfirmed transactions. People are holding!

https://blockchain.info/charts/mempool-size

It's true that BTC's price has reached an unexpected height those past few days, and that a correction was due, but data shows there's no panic selling. BTC remains strong.