Bearish Trend in Bitcoin: Is FUD Necessary? Analysis Company Reveals the Real Truth

On a Monday when the decline in the crypto market continues, crypto analysis company Santiment has published an analysis.

According to analysts, the start of the week with a continuation of the decline has created a sense of panic within the individual cryptocurrency community. Especially, due to the new traders who have entered the market in the last 2-3 months, a huge FUD wave has formed in Bitcoin and Ethereum.

On the other hand, according to the analysis company, these new traders are showing panic movements in the face of foreign market conditions as they have not previously seen medium-scale market corrections. Santiment said that historically, individual investors panic and sell in such situations, allowing whales and smaller shark investors to accumulate coins at lower resistance levels and create price jumps.

Analysts stated that they cannot know whether these jumps will occur or will occur at a later time, but they noted that the necessary conditions for this event have begun to emerge.