Santiment: When retail investors panic sell, whales and sharks buy dips and trigger market rallies
2024-12-23 17:04:34
Crypto market research institution santiment platform post representation cryptodesk3cryptocurrencydesktopCrypto News
Crypto market research firm Santiment posted on the X platform that the crypto market has corrected further this week, causing panic among retail investors. Bitcoin and Ethereum, in particular, have been subject to a lot of panic selling by new traders who have just entered the market in the past 2-3 months. These new traders have not experienced a medium-sized correction before, and they are panicking about foreign market conditions they are not familiar with. Historically, when retail investors start selling due to panic and emotion, whales and sharks usually seize the opportunity to buy more coins with less resistance, triggering a price rally that may not happen immediately, but market conditions are moving in the right direction.
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