If El Salvador's reserves can absorb the Bitcoin dip comfortably, then it's not much of an issue.
Right. Although, if they don't hold through the dip, we might see Bitcoin go on sale even more. Since, its confirmation bias for a lot of people, that if it fails in El Salvador they'll see it as a risky investment, which will never be adoption by serious businesses or countries again. I'm definitely not saying they're right in thinking that, but they will absolutely think it.
I don't mind the price dropping a little further, but I'd rather El Salvador cutting their loses not be the cause of it as it could significantly hurt adoption in the medium term, at least from a legal tender point of view.