Finney is pretty spot on as far as I can see things a present. The traditional United States stock markets really took a tumble the past couple of days (for all the reasons mentioned above) and I can see them continuing to get hit this coming week.
As for selling your btc and then buying, you’re trying to time the market and well, good luck with that. A lot easier said than done.
but how can you lose by selling your bitcoin right now at $59k. if the price doesn't go down but goes up then you just have to wait until it goes back to $59k to buy back in. now i understand that some people have their btc in cold storage so for them it might be inconvenient to have to pull it up out of cold storage and go and sell on coinbase and things like that. but they are risking an extended drawdown...