If you sell all your crypto assets now, then what's the use of hodling it anyway in the first place if you'll eventually sell it and give up when the market dips or bearish. The steep declination of market is quite normal now as we've already experienced it almost every year.
The market's sudden declination will really give some people a mindset to sell before they lost it all, panic selling can be seen nowadays and this will continue if the market stays this way. We can't really blame them because it's their money and their loss, but surely they have a weak mindset.