True holders will always see an opportunity to buy bitcoin at this time, while others panic to see the price drop deep. They also won't buy all-in but will do DCA because DCA is a great strategy for buying bitcoins at many low price levels.
Actual bitcoiners, holders will take chances of dips, bloodbaths to load more Bitcoin for their portfolios. Bitcoin outsiders, observers will only watch and hope if they had chance, when they are witnessing a new all time high of Bitcoin. In fact, if they look back, they would see they were given many opportunities but skipped all.
I heard the news that the FED will raise interest rates again, which could send the bitcoin price down even further. For that, we need to be prepared and don't forget to prepare your money to buy bitcoins at low prices.
We know the world economy is built on debt and inflation. The pandemic causes a new and worse thing, hyper-inflation for world economy. Basically, it does not change and governments keep printing more fiat to circulating supplies.
The market is just panic, extremely fearful and panic now. The coming news from FED is comparable to news (announcement) from World Health Organization in March 2020 about the pandemic. When bloodbath ends, panic wave completes, the market will be well again.