True holders will always see an opportunity to buy bitcoin at this time, while others panic to see the price drop deep. They also won't buy all-in but will do DCA because DCA is a great strategy for buying bitcoins at many low price levels.
Actual bitcoiners, holders will take chances of dips, bloodbaths to load more Bitcoin for their portfolios. Bitcoin outsiders, observers will only watch and hope if they had chance, when they are witnessing a new all time high of Bitcoin. In fact, if they look back, they would see they were given many opportunities but skipped all.
With the current market conditions, many holders buy more bitcoins because they made huge profits on the last ATH last year. And now they get a big discount on the bitcoin price so they can increase their bitcoin amount again and hold it. This is a good opportunity for everyone, not just the whales, so we should also use this opportunity for ourselves.
I heard the news that the FED will raise interest rates again, which could send the bitcoin price down even further. For that, we need to be prepared and don't forget to prepare your money to buy bitcoins at low prices.
We know the world economy is built on debt and inflation. The pandemic causes a new and worse thing, hyper-inflation for world economy. Basically, it does not change and governments keep printing more fiat to circulating supplies.
The market is just panic, extremely fearful and panic now. The coming news from FED is comparable to news (announcement) from World Health Organization in March 2020 about the pandemic. When bloodbath ends, panic wave completes, the market will be well again.
This kind of cycle keeps repeating itself and only people aware of it can survive this situation even if the markets are bleeding and the world economy is struggling. Those who could endure had already prepared to see this moment and planned to use it for them. With a lot of negative news about bitcoin out there and making its price drop drastically, it makes many people panic, fear and think that it will all be over. But their hopes are wrong because bitcoin can definitely get out of every difficulty that occurs and will even surprise those who have been able to survive.