It's all just speculation that doesn't necessarily happen and each of them has different commitments to bitcoin at this time, and we must realize that when the price is good and continues to rise, it will definitely provide good and optimistic input, when the price falls again it will turn into pessimistic out of doubt.
In my opinion, this decline is still reasonable and should be used to make purchases because this year has not ended, it has only been running for 2 months, there are still 10 months ahead, we do not know the next price.
and according to yesterday's highest ATH including the sales figures for bitcoin and of course many of them are selling because it is already profitable in large numbers, and they will buy back when the price drops and hold it to reach the next new ATH.
That is not going to happen to each "generation" for sure. By generation I mean people who have been here for how many years, some people are 2014 peak time generation like me, some people are 2017 generation that saw that 20k peak, and some people are 2020 peak and that is why they are doing great as well, so basically we are talking about different generations of crypto and not real age because those could be any age in real life.
People who have been here since 2014 peak like me would know that this drop is amazingly great because we know that we could buy even lower now and we could make a lot of money from the next increase when that happens. 2017 people have seen this, and they weren't sure about the increase and doubted what is going to happen and that is why some of them got in and some of them didn't and all the people from 2020 were shocked to see what happened.