This is because price is not affected by supply, demand also plays a major role in this. Demand has reduced due to fear among new investors
Price is effected by both supply and demand. The second part of your comment is an assumption - that you have and possibly you belong to that group of people. Demand for crypto will never decrease - because of the deflationary nature of the supply. Every minute some bitcoin when lost the others holding coins have their coins worth slightly increased.
Again fear is a common thing among every investor. But they should learn to mitigate the risks - which can be done by different methods.