For persons who trade many would check out on charts and be of the opinion that the market is dipping to likely mitigate some fair value gaps and Order blocks left behind from the most recent bull runs.
For alot of persons, including those who are new to bitcoin, panicking is inevitable and if you really want to HODL I think it won't be necessary. Don't let FOMO put you in a position to panick and sell off your coins instead take this dip as an opportunity to HODL more coins by buying from scared HODLERS (be a smart trader lol I mean be a SMART HODLER
This will be a problem for people who are new to bitcoin and the drop that occurs will definitely make them panic so that the decisions made will be based on how to avoid the risk of full loss. If during a period of decline like this they sell then it is very unfortunate that they will definitely experience losses and instead they do not try to stay calm in such conditions. Whereas in a certain period there will be a gradual recovery that will occur when the market experiences a correction. This is why every investment must be studied properly so that people do not get involved in excessive panic.
For experienced people, conditions like now are quite ideal steps in making accumulation purchases and they can take advantage of the near future when prices rise again. Another advantage is that they can buy for the long term so that the amount of accumulated purchases will be slightly larger if purchased in conditions like now.