Well at that time i think more and more people sell and that cause the price drop, but now i think the situation is changed and now more people start buying crypto and this will help the price grow.
When people decide to buy their coins, then I would love to buy for a low price for every coin they have because we can buy any coins at the lower price, but sometimes this is not working good. Cryptocurrency today has been growing in fast than the last year because the investor has their prediction so they can decide to buy, hold, or even to sell.