I personally think that BTC is going to drop below 56k before the US election, whales and institutions created a hype among the small investors like us about bull run and we got in FoMo.

but for long term holder, a dump in btc for some time will not shake them out.

Try to avoid future trades for some time and if you are in spot than wait because the time will come when btc and all other alts will be flying high.