A 10% move in either direction is easily $6K+ At current price levels.
Maybe that is why they panic. 😂
If I would have a considerable amount of Bitcoin, then I would probably panic too.
$6000 USD is literally two years of my pension-like income.
It is approximately $250 USD per month, which is approximately $3000 USD per year.
When you put it in that perspective, then yeah.