PANews reported on December 23 that according to Santiment analysis, the crypto market sentiment has rapidly shifted from bullish to bearish in the past two weeks, especially after the market capitalization adjustment (especially altcoins). Investors' interest in Meme coins has clearly declined, while attention to Bitcoin has risen again.
Santiment noted that this market panic and pessimism is a healthy part of the cycle, providing patient traders with the possibility to take advantage of "market panic" opportunities.