Well if crypto will still on the dip maybe people will change thier mind and back to hold. I believe that people has a different strategy on surviving this huge dip. Some other people invest in crypto and hold with a big hope. Everyone is hoping that crypto will be back to normal.
you're right, even though many are back in gold at the moment, they might return to crypto if things have improved. I think, lately there are quite fresh winds that are blowing. hopefully when the market has recovered, investors return to crypto, not to gold.