🔥 Chart showing the number of new followers on X over time, compared to the price #Bitcoin
It is noteworthy that the spike in new followers mainly occurred when the Bitcoin price dropped sharply.
When comparing the peaks of new followers with the Bitcoin price drops, it can be seen that fear seems to be the main driver of market sentiment.
This suggests that fear in the market (when the price drops) is the main factor that drives users to search for information on social media.
Thus, large investors and market makers use "fear" to influence the psychology of retail traders and attract more attention to newcomers!
