why is there always someone who panics see it? and not even a few people are panicking at the current situation.
There are two kinds of people who panic in these situations, one is your average Joe who has invested all his life saving without having any knowledge of bitcoin and the other are big investors who has millions of dollars invested. For both of them even a small % decrease means a substantial loss, they can afford it in the short time so they prefer cutting their losses than risking losing more.