The crypto world at the moment is one filled with so many levels of emotion and reactions to varying degrees of loses experienced by people. While some people are sobbing about their little loses, we should also reflect on the fact there are people who bought BTC @ $20K, Ripple @ $3, ADA @ $1.22, etc. Most of these guys are still hodling, hoping the market will bounce back and they'll recoup their loses.
It is really sad for those people who bought the coins at the all time high as me myself actually bought some altcoins at their all time highs and now most of those coins are worth basically nothing, I cannot imagine buying bitcoin at the ATH and now watching the price of the coin at where it is right now, must be so heart breaking to see