There is currently no panic sellimg and actually there wasn't a single seroius one during this downfall. I see that people who bought Bitcoin around 15k$ and many others, just HOLD
It's quite common in cryptocurrency that variation of price and bitcoin is also not different from that. With the current price also bitcoin can give good profit, yes as you mentioned those who have bought when the price was high they are the suffered but hope for the best in future bitcoin price may again pump up as it was in the last year end.