I think the price of bitcoin collapsed maybe because there was bad news that made traders and bitcoin holders panic so they sold the bitcoin they had at a very cheap price.
Investors will not easily panic as you think, they are familiar with the bad news. How many bad news do you think the market has over the past year?
I agree, investors do keep watch on the market and will wait till the right opportunity to buy again, those who sell bitcoins at a low price nust have been new to investing or had already made a lit of profit, but by looking at what is happening now, real investors are on a vlose watch of the market and are waiting to buy in anytime they see fit, and it should be backed up by real news and not just FOMOs.