In my mind. Nothing is happening to bitcoin. The market is smarter now and there are a lot of traders. The wales are really correcting the price or btc. And this just a correction and bitcoin is once worse in dropping than this.
And a long term holder won't mind looking to the price action of bitcoin. There is too much to worry if you're jumping from one conclusion to another conclusion then your sole purpose is being a long term holder.
The surprise of a market correction for someone who says he's a long term holder is also surprising. You need to recheck yourself if you really like to be a long term holder or not.