It wasn't the "best" example but one of example of how bitcoin volatility works, Bitcoin had faced  worse so even with the recent dip we might not be seeing a real dip market but Panic, market reacting to some rumors &news  and manipulations somehow..

Bitcoin could go back to even 50k~60k which is how crazy the market could get interm of volatility but it happened before doesn't mean it will happen again [ that's why people that wait to buy could be very wrong in their decision making, even though they could be lucky with history repeating itself so they call it beign smart which i don't agree ...but normally someone with enough accumulation could actually buy dips by  waiting for some specificrange of buying points  but don't get me wrong it's buying of dip which is totally different form someone waiting for  the lowest bottom to buy, not for someone just starting out though] yet we are hoping the market to play according to history..

Hence, I don't see any emotion somehow, I see gamblers trying to make quick profit so when they can't get it quick they get frustrated  and pull out even in loss , losing even out of what they've tried to gambling... newbies can also get trapped especially when they are being greedy.