Overhyping of cryptos and FOMO are the reasons behind the recent hysteria in this market. One thing that remains clear, people are using and trading crypto as an investment. So it means they are getting trapped in this madness. Best of luck and let’s see what happens in the next few weeks.
Just hodl and wait, let the people that panics panic themselves into loss and have yourself pick up a lot of what they're selling to make some money out of their panic and stupidity, bitcoin market appreciates no matter what happens to the market, it will always be like that for the coming years.