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.
The bear-market surely shook-off investors with weak hands, usually, this kind of investors are those who are investing for quick profit. There's a lot of newbies who jumped-in to crypto last bull-market and thought that cryptocurrency is a quick way to get rich. That's why a lot of newbies also lost a lot of money when the bear-market start.