In the bull market of 2021, an investor sold Bitcoin at $64,000, missing the $69,000 peak, but avoided a subsequent 50% crash, successfully preserving profits. In contrast, before the LUNA collapse in 2022, a user waited greedily to sell until the price reached $100, ultimately having to liquidate when the price fell below $1, losing most of their principal. This illustrates that identifying a reasonable selling point is far more important than waiting for the “highest point.”
Investors are advised to sell in batches to diversify risk. For example, Bitcoin is currently around 110,000 USD. If you hold 1 BTC, you can operate according to the following plan: sell 30% at 110,000 USD, another 30% at 112,000 USD, 30% at 115,000 USD, and finally keep 10% for a possible super bull market (such as breaking 120,000 USD). This method effectively avoids missing high points and the impact of emotional fluctuations.
Retail investors often incur losses due to emotional influences, which is manifested in fully investing at the news of favorable announcements, buying at high prices, or panic selling at the first sign of a pullback. However, emotions can be managed by setting profit-taking and stop-loss targets, using calendars to remind oneself of selling times, and paying attention to on-chain data (such as Glassnode) to maintain rational operational boundaries.
In the face of Bitcoin’s high-level fluctuations, overbought technical indicators, and institutions taking profits at high levels, beginners should use the range of $110,000 to $112,000 as a staggered selling zone to avoid chasing the top with their entire position. Selling at the right time is more practical than pursuing the perfect selling point; reasonably setting price levels and exiting in batches is the way to win steadily.