All we who have been in crypto for some time now have warned newcomers about the panic sell. I think this may be their first test, and it doesn't seem to have sunk in. These drops are not all that uncommon. Whales drive down the price, triggering fear in newbies causing them to sell. The whales gobble up the cheaper bitcoin, release sell pressure and the new guy that panic sold buys back in for a loss. Hold strong, let things play out. Think long term. Diversify.