Everybody is panicking when others selling like a fool of senselessness. Bitcoin dropped from 20k to 6k only because people were greedy not because Bitcoin is mistake in a technology world.
The technology behind bitcoin is still the same, what changed was the perception of people about bitcoin and about what it can achieve, but all of those people that changed their minds do not really understand the technology behind bitcoin and how massive is going to become in the next years, that is why they sold their coins, but eventually they are going to realize that they made a huge mistake because it's very clear that the price of bitcoin cannot remain at current levels.