We are just panicking for nothing, when it comes to BTC no one loses anything until they sold, hold and hold and keep holding, the only result you will get is a lower and higher price with time, all those who hold BTC at ATH of 69k will still look like the most lucky in four years time trust me.
Of course that point of view is valid for long-term investors,which are a important percentage of Bitcoin Users, I assume
But we must not forget that the price of Bitcoin is also influenced by traders, aka, people who expect to profit off Bitcoin in short terms, they are responsible much of the volumen on the exchanges and the fear/greed they may feel also impact us all.