It has always been this way, retail right from the beginning have always be the most emotional in this crypto space, they always dump when they should hold and the always buy when they should sell, let the real players buy from retailers I don't have any problem with that but they will be back to buy the top, it's always what they do.
I think this crypto space won't be fun without retailers.
But why don't we check otherwise why the retails sells so soon? Because to my best of knowledge, those are called retailers because they don't have enough money like the institutional investors who buys on a bulk of $ which probably could be part of the profits generated from their institutions and can afford to hold for as long as because they've enough. So for that, they aren't emotionally triggered by the down trends of the market price unlike the retailers who're permissive to earn profits and facilitates on their immediate needs.
I might not blame such investors though but where I find their behaviors downwards is when sold out of Fomo just because you noticed a discouraging price displays like the market won't be revived again and then replan to buy again when the market regains momentum. I think they're lost to understand that buying later than will be in a higher purchasing entry.
However, let's give them the space to settle with their emotions as there're certainly shot term Investors who may sell once a minimum profits is accounted.