It looks like Nexo is offering to buy out Celsius which is providing a glimmer of hope to those with their funds locking into the Celsius platform. As bad as things look now this isn't another Terra Luna which just kept minting tokens and dumping them on the market as it spiraled down. No one stepped up to buy out Terra Luna. I'd say this is a good sign that Nexo is willing to buy them out and take over their operations while recapitalizing them.
The stock market is getting hammered and the crypto market is under a lot of pressure as well adding to the fear but this will eventually settle out and recover.