this is the main reason why the market is always so volatile and also why the whales keep getting bigger. people keep thinking that just because there was a small drop like 5% it should continue going down for no reason!
the reality is that most of these drops are unrealistic to begin with so there is no reason for the drop itself to happen let alone for any further drops. that is why we saw price bounce back up above $7k again even though there is a huge amount of panic in the market!