This crypto winter is very different to the one we saw in 2018, CoinMarketCap analyst Alice Liu says ❄️ And this is why 👇
"Investors are more likely to sell and crystallize losses when they believe the market will fall further, undermining the HODLer mentality."Alice Liu pointed to the fact that Bitcoin has plunged 30% in the past week alone — with Terra's collapse and Celsius Network's financial woes piling pressure onto the crypto ecosystem of late.
"All these events have already allowed it to price in a high degree of negative sentiment within the crypto market." Liu also pointed to how the Crypto Fear and Greed Index has plunged to 7 this week — indicating there's "Extreme Fear" among investors. This is the lowest level we've seen since March 2020, when the World Health Organization declared that coronavirus was a pandemic.
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