The market has been through this kind of situation so I wonder why there are still people who can't deal with it. They still fear it instead of celebrating because they could purchase potential coins at a lower price which is a good preparation so when the market recovers, they will gain huge profits. It's the perfect application of buy low and selling high.
Don't forget some bought when Bitcoin hit its ATHs. I believe those panicking about Bitcoin price are those who bought when prices were high. Many still held some sold at a loss. Those who are holding till now are in almost 60% loss. It is both a time to celebrate as well as a time to panic. Celebrate in the sense that prices are down, panic in the sense that no one knows when the price will recover to make profit from old investments.