Panic sellers are not lazy, they are only expressing their emotions. Truth is that everyone of us has fear, but the difference is that some have been able to master their fear and positively use it. In a real economy, to get high volatility leading to profit and loss case, then we must have the panic sellers otherwise, trading would be boring.
Yes, they are just very vulnerable and try to be cautious of the crypto market. They don't trust it and whenever there're risk of losing money, they sell as fast as they can.
It's a shame they are doing that, because they are not only making other investors lose money, but are losing money themselves. Surely some low buyers whose investments are not down right now can benefit from that and panicking people are not contributing to a healthy community, but if they win by majority, they can really crash the market or at least prolong its recovery seriously.