Volatility is high not only in bitcoin but in all cryptocurrencies and it becomes quite a risk to invest if you are not prepared with everything.
Volatility is no longer perceived as exclusive to crypto, or at least it shouldn't be. Bitcoin dropped ~76% from its ATH, but during the last year, many traditional, top stocks noted similar (if not greater) levels of decline. A good example is Netflix, which also noted over 76% decline from the ATH in October 2021, including 35% drop in just one day.
Seems like a volatile investing environment became the new norm.