I think its not about patience anymore, many investor have another urgency to cashout for this long pandemic survival and force them to sell it.
But i agree patience is important because if the condition became better, the economic will recover and the funds will come back to investment area.
I think the pandemic has been cashing in on crypto investments for survival purposes, they have tried to do their best to provide for primary needs and if one day when the economy recovers then very sure they will re-inject funds into crypto.