According to BlockBeats, on December 24, crypto market research firm Santiment posted on social media that the crypto market further pulled back this week, triggering panic among retail investors. Bitcoin and Ethereum in particular were subject to a large amount of panic selling by new traders who had just entered the market in the past 2-3 months.
These new traders have not experienced a medium-sized correction before and are panicking about a foreign market environment that they are not familiar with. Historically, when retail traders start selling out of panic and emotion, whales and large traders usually take the opportunity to buy more coins with less resistance, triggering a price rebound. This rebound may not happen immediately, but market conditions are moving in the right direction.
