Bitcoin’s Crash Continues — Experts Weigh In on Whether You Should Sell

Market Overview - The cryptocurrency market experienced a significant decline in the first week of February, with digital assets dropping nearly 30%, falling below the $70,000 safeguard level to $60,062 [1] - Deutsche Bank analyst Marion Laboure indicated that this decline suggests traditional investors are retreating, leading to a more pessimistic sentiment towards the market [1] Expert Opinions - Victor Gillibert, founder of Fibo Crypto, advised against selling during this downturn, stating that past experiences show that those who sold during similar crashes often ended up buying back at higher prices later [2] - Gillibert emphasized that no fundamental changes have occurred in the market, noting that ETFs continue to accumulate and the halving supply shock is still in effect [3] - See Wenwei from YAP Global pointed out that the question of whether to sell resurfaces during sharp corrections, indicating a pattern in investor behavior [3] Market Dynamics - Wenwei described the current plunge as fitting the pattern of a post-bull correction, driven by risk-off sentiment, institutional ETF outflows, profit-taking, and broader market pressures [4] - The current market phase is characterized as a maturation cycle for bitcoin rather than a loss of favor among investors [4]