Santiment: When retail investors panic and sell, whales and sharks will buy at low prices and trigger a market rebound
The cryptocurrency market research institute, Santiment, posted on the X platform that the crypto market has further corrected this week, triggering panic among retail investors. Particularly Bitcoin and Ethereum have been subject to a large amount of panic selling by new traders who entered the market in the past 2-3 months.
These new traders had not previously experienced medium-scale adjustments and they are panicking about unfamiliar foreign market conditions. Historically, when retail investors start selling out of panic and emotion, whales and sharks usually seize the opportunity to buy more coins with less resistance, thereby triggering a price rebound. This rebound may not happen immediately but market conditions are moving in the right direction.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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