Most of the market participants in the first part of the year were completely new to crypto and had no idea what they were doing. Every tweet from Elon made them anxious and forced them to make bad trades. When you multiply their collective efforts, this has to make the market more sensitive than usual.
Right now it feels like everything has toned down and only a small percentage of them stayed involved in the space. Very similar to what happened in 2018. Since butter hands already capitulated FUD has far less of an impact IMO.
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Yea, I agree
Corrections like the ones we experienced recently usually weed out most of the weakos
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