Actually, we don't need to panic, seeing as the market is fluctuating and prices are dropping sharply. There are many things we can do when prices fall, by buying again and for those who panic, selling. This is just a matter of experience in the crypto world
Those who sell at the current price of $60k may also have their own beliefs, such as wanting to buy back at a level below it.. we don't know whether the person selling BTC is currently panicking or not, but what we know is someone is panicking and afraid of immediately sell their Bitcoin assets.
Buying in stages is still a wiser practice, by placing buy orders at several levels so that if a dump occurs once again, we have the net ready to fill our bags with Bitcoin again at a cheaper price.