People will need some time. Noone wants to withdraw their crypto investments first. Many people will wait to withdraw their money until they have to. This might be the case for some this month.
Well.. human psychology works in strange ways. A few months back, Bitcoin exchange rate was above $12,000 per coin. Now it has lost more than 40% of that value. For most of us, it will be very difficult to sell our coins at these prices, since we are constantly being reminded of the past levels. But unfortunately this is what most of the intelligent investors do. If an asset is going down on a constant basis, then they get rid of it.
waiting for the right time to sell when prices are rising and buying when it is down, it requires very high patience. because rapid movements can affect taking irrational actions because of the fear of excessive loss.
be patient will be able to reduce the losses that will be suffered, therefore be patient to wait for the right time to be able to recover. time continues to roll that bitcoin will be able to exceed what we expect if we want to be patient.