He Yi: Only when FUD stops can prices rise! Binance is embroiled in rumors, which will cause panic among newcomers.

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Binance co-CEO He Yi pointed out in an article on February 10 that the recent FUD (fear, uncertainty, and doubt) surrounding Binance is pulling at the overall sentiment of the crypto market at different levels. She also linked this wave of sentiment changes to the fact that the cryptocurrency fear and greed index on CoinMarketCap has fallen to about 5-10.

Pressure on investors

He Yi breaks down current market participants into three tiers for observation. She states that for newcomers to cryptocurrency, Binance is almost synonymous with the entire crypto. When they see negative information and FUD (Fear, Uncertainty, and Uncertainty) about Binance on social media, they often choose to postpone their entry.

For active traders already in the market, when the narrative is confusing and the situation is unclear, the most common reaction is to "take profits first" to lock in paper profits and reduce risk exposure.

As for early adopters (OGs) who have already achieved financial freedom, after being exposed to a large amount of what he calls "de-intelligence FUD" and AI-generated attack content for a long time, they are prone to fatigue and doubt about the industry's prospects, and may even have the idea of ​​leaving the field.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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