I agree, the sad but true meaning behind the idea of the image. The panic selling is the main issue why newbie traders aka turtles keep selling and the whales keep accumulating altcoins from cheap hands. The idea is to buy low sell high or sell high buy low no matter what fundamental/technical/sentimental analysis shows us. I agree it is hard to follow the daily fundamental updates but it is what it is. Either we will take it or just gonna trade blindly.
Many of newbies did not sell off their Bitcoin by their clicks. Their Bitcoin was sold and their positions were closed by exchanges via liquidation, margin calls, etc.
It is what we can see in crypto market that has no circuit break, no daily trading margin. Panic sell combines with liquidation will cause big green or big red candles in short time, a few minutes then it will recover upwards or pull back downwards very fastly. It is if we say about short term trading. After big crashes, market needs days to slowly stabilize again.
I doubt anyone will risk his hard-earned money with random buy/sell orders.
They just don't know they are taking risk but they believe that they are doing something great, with very low risk.