The experts of the analytical company Santiment noted that the crypto market is under pressure from negative news, and the maximum level of fear, uncertainty and doubt is noted on social networks.
Source Santiment reported that now there are more messages about asset sales than about purchases on forums dedicated to cryptocurrencies.
"In the last 24 hours alone, we have seen many such cases [of mentions of a sale]," Santiment said.
Analysts believe that now is a good time for traders who are ready to take risks and buy cryptocurrencies while the market is in a state of decline and disappointment.
According to experts, despite the significant drop in the value of bitcoin, it is unlikely to expect a catastrophic decline in the BTC exchange rate, and the market will regain its position.
Earlier, Santiment stated that the bitcoin exchange rate does not show positive dynamics on the exchanges due to the sale of BTC by small traders.