When Bitcoin fell below 100k, did you panic and sell or did you say DIP and buy? There was a good buying opportunity and Bitcoin recovered in just 1 day. It experienced an increase of over 5% in just less than 24 hours. I don't think people here will panic and sell, but there are so many uninformed people out there that many of them may have fallen into this trap.
When a market condition present itself like this just no that alot of people has been overpowered my the panic mindset to sell everything even at lost, the mentality of uninformed people in Bitcoin is that the moment they made a conclusion on there mind about were Bitcoin will not fall to anything that disrupt that price they thought negatively they starts giving up to sell, so actually that's the difference between an optimistic person with the knowledge of barriers and fluctuation in the price and people who knows nothing but only the optimistic that is always going to be up with no decrease.