Now the market has a high level of fear and therefore it is easy to create a panic. But I think that people sell their bitcoins when they lose patience and not during panic. The longer the price will be low, the more people will sell their Bitcoins
panic arises on the basis of the necessities of life and even the fear of the value of assets that are increasingly falling, even the potential of bitcoin they don't think about at all
the level of panic is very high because this year there is no bright light on rising prices and too many new altcoins are really damaging concentration due to widespread investment patterns.