I'm sure someone will soon post another pretty graph to show bitcoin is still in a massive bull market.
All these drops are just noise. Look at the yearly moving average!
Irrelelvant. 75% of the mining power and by proxy the bitcoin community joined between June and August. For them the "long term" trend is academic, for them the trend looks completely different than for the 25% who are the top of the pyramid.
Yes, those 25% are not panicking. But OTOH, they're not the ones with much skin in the game.