Panic selling can be something that happens to many people. you want to protect your investment. You don't want to lose your invested money. The reason for these panic sales is largely due to this. people don't want to lose their money. so it panic. but some do not panic and sell, then maybe they will regret it. because the decrease experienced may take a long time. And if you remember, the bear season lasted 3-4 years after 2017 and bitcoin did not reach its old price again. so panic sales can be considered both a good thing and a bad thing.