There is FOMO in the mix as well as plenty of FUD, where I wonder if all my hard work will be lost, trying to chase the dragon :)
I think with the big companies all buying bitcoin we might not see the price come down to a more reasonable level for quite some time unless they just dump it.
I suspect that the new floor of BTC at least, is going to be far, far higher than most people who have sold think it will. I don't know what that is, but I suspect that for the corporations that bought in +30, they aren't going to be dumping below that. This means that the dumps would come from very large individual holders out there perhaps.