Experienced traders are calm as tanks. For them, this is not new.

Yeah, with what is happening in the market, even experienced traders are in complete shock.
Right now, the market has practically shaken out the monthly growth of altcoins, (and something tells me this is not all) which directly puts into serious doubt whether there will be an alt season or not. With such liquidations, there simply won't be anyone left to buy these coins at all. And the most interesting thing is that people, despite such liquidations and the shaking out of everything from altcoins, will still continue to lose money without drawing any conclusions. Remember, it won't be like in previous growth cycles; the alt season is unique, and don't be fooled by smart guys who talk and promise many Xs; conduct your own research and manage your risks.