Many people who entered crypto for quick profits have panicked because of this extended bear market. Most of the newbie traders entered when the hype was there that is near ATH. Now when the market has corrected 80%, panic is natural because they are left with bags bought at very high prices.  No one, according to me, would suggest you to panic sell. Panic selling is selling out of emotions without any proper planning. This is never advisable in trades and investments.