If a lot of people were buying bitcoin now, we would definitely see it on the price change chart. But what is happening now suggests that there are still more people selling bitcoin, which is why the rate has fallen. There is a kind of panic effect here. The more the price falls, the more willing to sell btc. Because the fear of a further fall forces to do so. On the bullrun it will be the other way around. The more the price rises, the more people will invest in bitcoin. This will work until a certain point. This is a well-known paradox of any markets, be it the cryptomarket or the stock market. You don't have to follow the crowd, you have to go against the market. And no matter how much cheaper bitcoin is, there will always be buyers, thanks to whom the lower price bar of btc is kept. So, the question, are you still buying, remains relevant until now. Because now is not a bad time to do so.
Perhaps someone can win in this case if they sell it now and buy it back when the price drops a little lower, but how reasonable is it to do now, will the benefit really be so significant, because in addition to sell, you also need to buy in time, while the price is lower, and if the price begins to grow rapidly at this time, then in the end it will be necessary to buy even more expensive than it was selling.
Questionable decisions, but this is the psychology of the crowd, there will always be those who will think that it can be even worse, or there will be those who, in fear of losing everything, will sell at a loss in order to save at least some money, and the market at that moment will begin to grow.