I think there are two possibilities in the current market!
1. As you said, everyone plans to escape and get funding, and then the market will die!
2. When 60% of encryption disappears, a large number of investors begin to take over the market, and the rest of the encryption will land on the moon!
in my opinion the market will not die but he will rise and rise again, indeed the price go down and the market will often go up and down but this is not the end of Crypto. let people go after the market stabilizes runners will regret it. At times like this you have to be more careful in taking action, indeed every token is not all good so you are more careful in choosing it.