You are very correct. Those panic sellers should open their eyes to see tomorrow. It is the most unintelligent thing to easily throw away an asset like bitcoin because the price is coming down. But you forgot that at the other end, someone is buying bitcoin from you.
Thats the aim of the crisis, to force a bitter taste of the coin acquisition in the mouth of small holders, to sell off even the small ones they have. I wont be part of the believe but the claim was to hit the previous highest price of $1200 if small holders still continue to hold. The terrible thing is there are large numbers of buy orders at a very ridiculous low price, they have enough to buy from the deep. Is time to learn for long term crypto enthusiast to maximise the use of every crypto season.