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.
The people who bought at ATH should not sell on loss. Instead they can buy more coins now and reduce the average buying price of their coins. They should use their BTC for trading (once the market becomes stable) and increase their sats.