These drops happen in a way people will not run to sell massively. I always think of the "frog slowly boiling water" analogy. The Bitcoin price behaves like that: it goes down a lot, you feel the heat, then it goes up a little so you think "oh, it might be a correction and then we go to 50k", then it drops a bit more, and so on and so forth. You get the point ...

To me what matters is that these skyrocketing prices are always lead by whales pumping to get others onboard per FOMO, and then selling high. We don't have that much money nor know when they will decide to sell and take profit. All we can do is to take some profits while we see it going up. Time will tell if this huge drop was just a correction on the shortly coming way to new ATH or the highest point we will see for some years ...