FUD Feelings Grow Among Retail Traders As Bitcoin Drops Under $70,000: What Are The Implications?


It marked the return of fear to the digital currency market after a slight improvement in morale, morale, and control over social discussions. Bitcoin falls back below $70,000, causing concern

Despite the spread of negative sentiments across social media, bias points to a more complex picture for the role of actual individual investors.

Growing fear and doubt among individual investors. Will the bitcoin recover?

The blockchain analysis platform recently registered a rise in negative negative words about bitcoin on social media.

Terms like “drop” and “anhéyar” often appear in discussions about btc. In contrast, the high level of FUD (fear, lack of confidence, suspicion) is noticeably higher among individual investors.

Sentiment said that the high level of concern between individual investors often acts as a trigger. When negativity becomes overwhelming, the market recovers its health, usually with the addition of ضبيع ضبيع.

سرّحت سانتيمنت ان كلماد مسلس #تحقائب, #تحقيقة, #رفض, #انهيار و #حمام_دم, حمام_دم, يكواد معلومات للشراء, as I mentioned.

Bitcoin price vs. sentiments of individual investors. Source: sentiment.
Bitcoin price vs. sentiments of individual investors. source: Sentiment.

shows the sentiment chart of this logic during the past year.

However, the picture goes beyond the moral issue only. A report from Cryptocurrency showed a worrying disparity between trading volume and market share for individual investors.

صرّح محلل كريبتوكوانت, زيزيزكريبتو The average volume of small retail transactions for 30 days (0-1,000 dollars) is 96 million. This level will meet the market floor in early 2023.

At the same time, the trading share for individuals (0–10,000 dollars) has declined steadily. It fell from more than 2.4% to around 0.7%, and has now stabilized.

The gap between trading volume and market share indicates that the market is no longer expanding.

Bitcoin hash rate tracking. Source: CryptoQuant.
Bitcoin hash rate tracking. source: CryptoQuant.

He mentioned that “in this context, the interest of individual investors is left in the form of short-term interactive flows instead of sustainable participation”.

Your opinion may be correct in the short term. However, it becomes difficult to use it as a basis for predicting a reversal similar to what happened to what happened O2.

The latest analysis from Bein Krypto indicates that if Bitcoin closes 8 yuan candle 8 yuan candle, the price may continue to fall towards 65,550 dollars.



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