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.
You understand that manipulators brought the price to such a level. Investors did not invest in ATH, because if it happened, it would not be ATH and the price would fly much higher. It's simple, because it's mathematics.