PANews reported on December 23 that, according to Santiment's analysis, the sentiment in the cryptocurrency market shifted rapidly from bullish to bearish over the past two weeks, especially after the market capitalization adjustment (particularly for altcoins). Investor interest in Meme coins has significantly decreased, while attention on Bitcoin has risen again.
Santiment points out that this market panic and pessimism is a healthy part of the cycle, providing patient traders with the opportunity to take advantage of 'market panic'.
