CoinVoice has learned that the cryptocurrency market research firm Santiment posted on platform X indicating that the cryptocurrency market has further retraced this week, causing panic among retail investors. In particular, Bitcoin and Ethereum have experienced significant panic selling from new traders who entered the market in the past 2-3 months.

These new traders have not experienced moderate adjustments before and feel panic in the unfamiliar foreign market environment. Historically, when retail investors start to sell due to panic and emotion, whales and sharks usually seize the opportunity to buy more coins with less resistance, leading to a price rebound. This rebound may not happen immediately, but the market conditions are moving in the right direction. [Original link]