It's normal for ppl to trade when the market's hot. Investors buy & sell because they're following market patterns. I can't afford to buy bitcoin but ppl who did for $95k they're remaining on losses they don't have options so they'll wait.
Any investor that bought bitcoin at $95k and plans to holdi for long term is not at loss and waiting was the plan. If you're not a trader, why would you bother on the price that you bought bitcoin, when we know that $109k isn't the highest price that bitcoin will reach in future. Hodlers will always buy bitcoin at any given price provided they have the plan to increase their bitcoin portfolio overtime. No matter how dip bitcoin price is, if you don't sell below your entry point, you are not at loss.