Most of the investors are withdrawing their money from cryptocurrency market because of their disappointment. They did not meet their expectations and that's why they became disappointed. They keep worrying to their investment due to the lack of focus and managing emotions.
Good riddance I say.
If you can't handle this market, you don't belong here, it's that simple. Noobs get crushed hard and this will continue to happen because they don't know what they invest in, and don't know how this market works. I dare to say that the majority of the noobs who are joining crypto haven't ever had any sort of prior market experience, be it with stocks, bonds, etc.
Crypto is so easily accessible, that you can buy into it basically at any age if there aren't age related restrictions where you have to be at least 18 years of age. But even at an age of 18 you very likely don't have any market experience to at least put things into perspective and figure out the very basics of when markets looks overbought or not.
My first experience with stocks, far before Bitcoin existed, was to buy everything that has been dumped to the ground. Obviously, it's not a perfect metric to solely focus on, but you get the idea.