We have more panic sellers and I agree because most new comers who come to crypto investing market think the same way because they tell good things about bitcoin until the bitcoin prices rises and making profits for them but once the price starts to drop they are accusing about everything and do panic sell and that is why many people who don't understand the bitcoin market accuse bitcoin as a scam because they have lost there money during the price fall but if they have been patient they would have turn it to a profit
Those who are panic selling I think aren't all newbies but rather than getting upset to the current situation of their portfolio.
Some people that buy the dips today(those are long time traders and probably experienced most worst dip than what happening right now)
are living the dream aight now cause they know that bitcoin's and altcoins will surely get up and pumped again for the coming months.