On a Monday when the decline in the cryptocurrency market continued, cryptocurrency analysis company Santiment published an analysis.
According to analysts, panic has set in within the individual crypto community as the week has started with the decline continuing. There has been a huge wave of FUD in Bitcoin and Ethereum, especially due to new traders joining the market in the last 2-3 months.
On the other hand, according to the analytics company, these new traders are panicking in the face of foreign market conditions because they have not seen medium-sized market corrections before. Santiment said that historically, individual investors have sold in such situations in panic and emotionally, and thus whale and smaller-scale shark investors have accumulated coins at lower resistance levels and created price jumps.
Analysts said they could not know when these jumps were about to happen or when they would happen in the future, but the necessary conditions for this event were beginning to emerge.
*This is not investment advice.
