Remember, for every hour spent staring at prices on coinmarketcap.com is an hour wasted that could have been spent improving the crypto-asset ecosystem.
Also, it seems likely that we will see an 80%+ decline in BTC resulting in a retrace to <$4,000. Which, in all honesty, would be a healthy move for this market.
I don't think it will go that low, but like you said it will definitely be a healthy move and will stabilize the market from that point.