Most of the people who joined the crypto community at the later part of 2017, especially December were not any real crypto investors. They just heard about the booming prices and decided to join and also make profit. They don't know the potentials of the blockchain technology and the future it holds and that is why now that prices are down, they have all left the market and its left the real crypto enthusiasts. They are those who are seriously doing panic selling over the markets
Do you spend a lot of money to invest in something you do not know? Investors who are not familiar with the crypto market will not do so. So leaving the market for those investors is only a small part of the bear market.
True that, I understand it is very difficult to get new investors into crypto let alone making them invest that much in it even if some of them do invest more, those numbers are insignificant to the market and I don't think they were the result of the bear market and as you said, if they have all left the market how come the market is still down? This is a natural market circle and we expect to have another good one sometimes.