I may be wrong but my understanding is that a Limit Sell may have been a preferable option in this situation assuming your thesis was simply that you wanted to take profits / make a gain rather than needed to get out at all costs. If over the weekend you thought that BTC was dropping and you wanted to get out, you could set your Limit Sell at 1.12. Your position would only be sold at or better than 1.12 therefore it would not have been sold during the volatile period this morning, only once the price recovered (which I think it has this morning over 1.12).
Of course, unlike with the Stop Loss, if the stock were being heavily sold in the market (and no recovery was forthcoming in the short term) then you would have no protection and may be left with loss making position. Its worth saying that it appears to make sense in this scenario only to set up Limit Sell out of market hours e.g. you wouldn’t have been able to make the Limit Sell order on Friday because then it would have executed immediately.
Like you I have been burnt on Stop Losses before so now tread very carefully!