Looking at the BTC stock chart from the exchanges over the past month, there's a significant phenomenon: the stock hasn't really gone up.
Logically, with the market having dropped continuously for so long, there should be some panic, right? Once panic sets in, many people might not be able to hold on, thinking they should quickly sell their BTC, so the stock on the exchanges should logically surge.
But what about now? The stock is stable, and there hasn't been any noticeable increase. What does this indicate? It may suggest that panic hasn't truly spread yet, and most of those holding assets are still holding on, not at the point where they feel they must sell.
In this situation, an adjustment is likely not yet in place—after all, the selling pressure in the market hasn't been fully released, so it seems we may need to explore further down until we really flush out the panic selling.
