We've been here before, you are just making the whales richer, selling your precious BTC for pennies (crappy fiat). The storm will pass, hodl, or try to accumulate even more BTC, it's a great time to buy for cheap. We will make it this time too. Even if BTC goes down to $15,000 nothing is forever. Remember $20,000 down to $3,000? Been through that storm too. Remember, 1 BTC = 1 BTC. To the Moon!
Whales are also waiting for this big opportunity to come because if they can't make the strong hands fall on their trap, for sure the weak hands will sell their coins to them. Not realizing that bitcoin will always recover and skyrocket again in the future. Yes, we have been in this scenario way back before but only those legends have witnessed it, the reason why newbies fail on their decision making because they always think that bitcoin will eventually fall just like shitcoins.
Market could only be composed of with those strong and weak hands and to those who had been holding for years or long term but cant really be avoided that with some sentiment in the market
which people could really make out some immediate action basing on what they do see.It is inevitable on some point because people or specially the herd would really be making up the same emotion
ending up on the same action basing on what they are seeing on the community then it is really just a common thing to be seen.
Selling on panic when market is on deep reds but there were people who do just simply sell off when they are tending to take profits.