Santiment: When retail investors panic sell, whales and sharks buy the dip and trigger a market rally
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2024-12-24 01:32 1,085
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Golden Finance reported that Santiment, an encryption market research organization, posted on the X platform that the encryption market has further corrected this week, triggering panic among retail investors. Bitcoin and Ethereum, in particular, have been subject to a lot of panic selling from new traders who have just entered the market in the past 2-3 months. These new traders have not experienced medium-sized corrections before, and they are panicked by the foreign market environment with which they are unfamiliar. 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 rebound that may not happen immediately, but market conditions It's moving in the right direction.