Tranquility is what you should have these days, no FOMO or selling at a loss, the market is volatile right now.
The volatility this week can be attributed to several factors:
1 Bitcoin "whale" activity:
A significant decrease in the activity of large Bitcoin accounts, known as "whales," has been observed. According to data from IntoTheBlock, the net flow of large Bitcoin holders has fallen by more than 600% in the last 30 days. This reduction in buying and selling activity by these key players suggests greater selling pressure in the market, contributing to price volatility.
2 Technical indicators:
The Relative Strength Index (RSI) of Bitcoin is at levels indicating oversold conditions, which could signal a potential rebound in price if selling pressure decreases. However, if selling pressure persists, the price could continue its decline.
So you know, maintain the strategy and the selling points you had for the upcoming bull run.
Calm
