Imagine from $15,000 down to $5,700, then trading between $6,500 to $7,200 in the past few weeks before it goes back up again between $7,800 to $8,100.
That's the nature of this market. If people have the balls to enter the market at $15,000 levels, then they should also have the balls to keep hodling through the correction. It's pointless to expect anything different at peak levels.
Supply and demand has different phases, and especially in case of a strong bull run going on, you know that the price is almost guaranteed to fall back down to levels significantly below the highest point.
Common sense should be enough in this case to understand the effects of hype demand and the adjustment back to regular (much lower) demand. The difference between the two is immense as we have seen.