Those who panic have no long term plan, they have no confidence in Bitcoin. Maybe they had short-term plans, wanted to make huge profits in a short period of time. We know that if you want to make a profit by investing in Bitcoin, you need to plan for the long term. Don't be disappointed, you can't succeed in investing in Bitcoin if you are disappointed. If someone sells bitcoins now, they may regret it in the future. If you want to invest in Bitcoin, you need to be able to hold the investment in any situation. An emergency fund should be kept, not invested more than you can afford to lose. Don't panic, invest in DCA method for long term.
Panic is just a waste of energy in the current market position, just look at the price of Bitcoin a few days ago it was around $75K USD, and many predicted that it would dip even further, but in fact it gradually recovered and now it is at $81K USD. Just imagine what people who panicked yesterday selling their Bitcoin because they were afraid that it would dip even further, but in the end the price went up, they will definitely regret selling it or not trying to buy some to increase their investment. If only they had the conviction to maintain their investment and think more in the long term, maybe they would not have sold the Bitcoin they had so quickly in such market conditions.
Not only a waste of energy but also a waste of opportunity since if they get panic easily it will be a total disaster especially if they sell at loss.
Market is in state of recovering from huge mess created by some powerful people. This also indicate that dumps are temporary that's why they should not let their selves get bother by this situation since this is just a challenge of their belief on Bitcoin. If they are really fully committed on Bitcoin they would never sell their Bitcoin, but it seems this is the result if they are not really for long term and they are just there holding it for a while thinking that they can earn quick profit if Bitcoin pumps back at $90k or even $100k.