To be fair this crash has been quite devastating over the past months, much more than 10%, tending more to 50% (BTC went from about $70k to now about $35k), which would create fear for many.

The fear may also be from the world's influence into it as FUD (Fear Uncertainty and Doubt) spreads the market, many popular people powering it, including notorious Elon Musk and recently Donald Trump saying BTC as a 'scam'.