Bad day for Bitcoin and all crypto in general.
La Bitcoin listing in real time it sees a net loss of 7% in the last 24 hours, unfortunately it is not a loss of just the King of cryptocurrencies but an exit of funds, as we can see from the graph below
Bitcoin Panic Sell?
In the graph above it shows the capitalization of the crypto in the last 24 hours, as we can see there is a steady but net outflow of funds, not therefore a transfer of bitcoin in the altcoin but really a fast and continuous exit.
In this case we allow ourselves to say that it is Panic Sell, or a particular situation in which, for fear of losing profit, everyone begins to exit the market.
Cosa possiamo fare?
The best solution is to insert stop-limits for sale, then activate the trigger that alerts on a particular close and then sell when it reaches what we want to sell. This allows you not to lose a lot of value.
But be careful, for safety it is better to use a stablecoin as a couple, otherwise you risk not engaging the trigger because the reference coin does not go down.
What are your strategies?