Bitcoin has decreased significantly within last days. In some of the local group I am active, some people are trying to sell their Bitcoin, some are looking for what's happening and it seems to be little panic here.
If the price continue to decrease, I think it will create more panic which will bring capitulation, will not it?
The term panic is synonymous to crash in the value of Bitcoin. Most holders seem to panic sell even at a loss when a sharp decrease of this nature occurs in the crypto space. Most often, those that panic sell are those with small holdings who must have spent an amount they can't afford to lose in buying BTC, out of fear, these persons sell even at a loss just to get something out of their investment without thinking of the possibility of BTC recovering in price. The term panic is presently in the space and more persons will sell low now and buy high again when the reversal begins. This is crypto for you.