Obviously. It's just taking a break from the pumps.
But just as obviously, whether or not this break from pumping is going to be a prolonged break of a few years or just simply a couple of months of consolidation in the market before bitcoin continues its way up is another question.
Right now, a lot of new people are being interested in bitcoin because they see the price at a lower level again, something that they were unable to sight often in the past few months. So yeah, if you sell your coins now, your bags will simply be taken up by another person. Don't forget that long term holding often yield the most. All of this is just short term noise.