how are you all Hope everyone is doing well, Today we will know why when Bitcoin is down, other ALT coins also down. Although many people think that because of the bitcoin down, many people sell out of fear! Actually there are many reasons behind bitcoin down, today I will share some reasons with you, So let's begin,

1. Most of the time ALT Coins have Bitcoin as Liquidity. When Bitcoin is down a lot, the Liquidity amount decreases, and it also affects ALT Coins.

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2. Image collect Pixabay
3. The most effect is from Stop Loss, especially almost traders use Stop Loss, Stop Loss means suppose you buy Matic $ 1 and you placed Sell Order $ 1.20 Now put $ 0.95 Stop Loss for your safety, because many times the market Stop loss has been placed to avoid huge downfall due to crash.
4. And when the market is really down, then the stop loss target is hit,
5. One thing we all want to know is when the market has a big down.
6. Then everyone sells and in this situation who buys these coins?
7. In fact, every coin has liquidity, when we sell, that liquidity decreases and the market goes down, let me explain with an example, for example, suppose I sold a bitcoin in the market and someone opposite me bought that bitcoin, it does not have a bad effect on the market, but on the market. If there is no buyer, it will have a bad effect, and then if someone gives a sell order, then buy from that liquidity, the liquidity decreases and the market goes down.

Image collect Pixabay

There are also many other reasons, ALT Coin Investors are always afraid, because you will notice that if Bitcoin is -4% down, then you will see ALT Coins down -20%, many people sell their ALT Coins out of fear,

In today's episode I have shared several reasons, in the next episode I will try to share some more reasons Insha-Allah,

Ending here today, everyone be well