To be honest, the current market is really brutal. The financial market is like a chain of dominoes; once it starts, it's hard to stop. Investor money has run out, and now where will we get liquidity to support the market.
BTC could drop to 70k, 60k at any moment; we may see a new bottom as soon as next month. Right now, many accounts have already halved or tripled and still haven't absorbed it. Remember the time in 2021-2022, when many people held coins that multiplied 10, 20 times. It's also because during times like this, they refuse to cut losses.
Investing and saying to cut losses of 50-60% is very painful, but at least with the remaining amount, buying at different prices can help recover some losses, rather than just burying capital there and not knowing when it will return.
The time you should cut should be when the market has a strong rebound, like BTC's previous 78k. Those rebounds might provide beautiful exit points; it's a bet to limit the losses. Currently, it's best to stay still. Cutting now might limit the halving from 2-3 to 4-5, but I think for the majority, they have already lost the feeling about their money. So, we just have to gamble.