According to BlockBeats, on December 24th, Santiment, a cryptocurrency market research firm, posted on social media that the cryptocurrency market has further rebounded this week, causing panic among retail investors. Especially Bitcoin and Ethereum have been subjected to a large amount of panic selling by new traders who have just entered the market in the past 2-3 months.
These new traders have not experienced a moderate adjustment before, and they feel panic about the unfamiliar foreign market environment. From a historical perspective, when retail investors start selling due to panic and emotions, whales and large investors usually seize the opportunity to buy more coins with less resistance, thereby triggering a price rebound. This rebound may not happen immediately, but market conditions are moving in the right direction.
