It is not surprising if many newbies are in a panic because of the current dump. Only people already spent much time in the crypto market can feel calm in this situation. But I think, not all, some of the experienced people also can be in a panic as well. The current dump is very scarry, the price of Bitcoin seems very difficult to pass $40k again. Many people think it is the beginning of bearish, so some people do Cut Lose method already.