this may be a factor of the impact facebook to ban crypto ads. but I see in terms of panic sales due to the drop in bitcoin prices, we can see in the market, a lot of which sell bitcoin than those who buy it. as we know, the high price depends on how buyers are interested in buying. but this is just an assumption from me, I also hope the bitcoin back stable again.
I think this issue has long been circulating and does not really affect to the crypto market. yesterday the market got green for a while and then the price went back down. I draw the conclusion that many users are selling their assets when prices go up even if only a few percent. many users lose a bit of their trust to bitcoin. thus selling their assets, that's why bitcoin prices do not go up and more often to decreases
That really caused confusion to all investors mate, many of them felt some minor cases of panic. Particullar on days traders, but the long term trades wasn't showing up their emotions and rather than stressing out themselves they prefer to choose holding for good. Even some people now losses their trust with bitcoin, it isn't a reason for different groups to stop their dreams on crypto. As long as there's life everything is possible to happen, and every tommorow is our another hope. The roller coaster is going to be shaky and excitement still a long process to take.