I don't think it's the long time holders that are in panic though but those who recently bought in that is expecting a quick profit but then it is not what they expected because the price just keep going down. There may be times when the price goes up but then it would go down again. If you check the price now, it is going up and if it continues to go up after a few days or even a few hours, it would go down again which is bad for those who wanted big profits investor but for traders it would be like a paradise if you were able to trade it profitably.