Sometimes some people don't match our thinking, they are sometimes too panicked to decide to go out and sell at a loss the assets they own, but for those who have a lot of money and have managed their financial conditions well, they are not afraid when prices collapse and instead they will probably try to buy more.
The fear of losing everything makes many people not think coldly about the situation they must face, and that fear is what, on many occasions, many whales generate and take advantage of. Depending on experience with cryptocurrencies, users learn that leaving their coins/tokens in their wallet is the best thing to do when we are in a downtrend, but that is something that is learned over time. That's why I always say that the best thing before starting in the market is to learn how it works, and be able to know what problems there may be that affect us in the future, but we will still encounter other situations that we cannot foresee in advance.