The current market corrections are making a better investor, well weeding out the panicky investors that do not do their research. The hype balloon has been pretty deflated lately, making it easier to find legitimate projects to come to the surface. To top it off i don't have to read "when moon! when lambo!" every time i open discord or telegram. I think those are huge benefits.
Everything should be in moderation. Even a large amount of love can kill a person, and you are talking about the loss of capitalization of the whole sphere. This is not just a correction, it is a depreciation of our assets.