When the market gets hit strong enough for bitcoin to experience a significant decline of course many investors panic, so they may sell more to take small profits or even avoid bigger losses that are likely to occur, falling prices will usually make investors or newbie trader nervous so that they are confused about holding or selling it, and for those who have a fear of loss, of course they will prefer to sell, and conditions like this are very much awaited for investors or traders who have confidence in crypto or them have large capital to return buy assets in the market.
To them who have a decent amount of capital they can hold still and buy more even the market is falling, but for those who are unable to prepare themselves to this kind of market situation, fear is always the case, it's the reason why they can't hold but instead they will follow the market trend and sell out to cut losing their investment.
You always have good options if you go deeper, never to invest without proper knowledge to avoid panicking when the trend is not
moving according to how you plan your investment.