TechFlow reports that on December 24, cryptocurrency market research firm Santiment posted on social media stating the crypto market experienced further pullback this week, triggering panic among retail investors. Particularly Bitcoin and Ethereum saw significant panic selling from new traders who entered the market in the past 2-3 months.
These new entrants have not previously experienced moderate market corrections and are panicking in an unfamiliar foreign market environment. Historically, when retail investors begin selling due to fear and emotion, whales and large holders typically seize the opportunity to accumulate more coins with less resistance, eventually driving price rebounds. Such rebounds may not occur immediately, but market conditions are moving in the right direction.
