so here's what usually happens: those people who bought at $15k? they think rationally like you for quite some time. but the price drops and drops and eventually, they start to wonder if the price will ever recover. then the crash accelerates. panic ensues. these once rational hodlers who were so strong at $8000 are suddenly so much weaker at $5000 and below.
True. These are the people who spam threads about "will the price go up?" or "you need to remain calm", because they are already desperate and need confirmation that people are not as desperate as they are, they need some comfort. Or then they say this is a "correction" to feel better and deny the reality of facts (a correction wont go more than 25%, anything below that is a bear market).
They wonder if the price will recover, because they dont know about the fundamentals, or they know, but dont pay any attention to it. They want quick profits, they are in only to increase their fiat money, thats why they are triggered by tether printing.