Bitcoin's crash has been bruising to say the least — and earlier this week, its price wasWhile a number of investors have "diamond hands," meaning that they're holding on to their BTC and riding through the volatility, many will have opted to sell their coins at a loss — fearful of further falls.
Indeed, the data from BitInfoCharts suggests that a substantial number of investors have decided to get out of Bitcoin altogether.
BTC's close correlation with the stock market, especially the tech-heavy Nasdaq 100, has also brought into question the narratives that it's a hedge against inflation and a store of value like gold — an asset that people would flock to in times of uncertainty.
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