While it is questioned whether the panic atmosphere seen yesterday in the world markets will deepen, Katie Stockton, founder of Fairlead Strategies, a company known for its detailed market analyses, stated that the crisis may become even more severe.

“Selling is unreasonable right now, but…”

Speaking to CNBC from the US media, Stockton said that the decision to sell at a time when the fear index has peaked so high is not very correct, and that this can only be done after an upward correction, ‘to buy at a cheap price from below …’:

“When the fear index is this high, it is generally not the right decision to sell your investments. If a sale is to be made, it is better to do it after an upward correction.
(On the question ‘But are you still suggesting selling?’…) We think that the decline may deepen further. Therefore, either a recovery can be seen as an opportunity to sell, or it can be waited to make purchases at lower prices. Actually, we were expecting this crisis, but we expected it to be later, it was a bit early. As I said, at least, even if there is no sale, it can be waited for new purchases.”

On the other hand, the Japanese stock market, which is said to be the beginning of yesterday’s crisis, closed today with an increase of more than 10% and almost completely erased yesterday’s losses.

At the time of writing, Bitcoin is also trading around $55,600.