Negative Sentiment Very Prevalent Toward Bitcoin and Ethereum

📉 Crypto markets have opened the week retracing further, instilling panic toward the retail crowd. Particularly Bitcoin and Ethereum are seeing massive FUD from newer traders who joined markets in the past 2-3 months

These new traders have not seen mid-sized corrections before, and are expressing panic over foreign market conditions to them. Historically, when retail traders begin to sell based on panic and emotion, whales and sharks have opportunities to scoop up more coins with little resistance, creating bounces. It may or may not be immediate, but conditions are setting up in the right direction.🫡

Not financial advice. DYOR.