‘MM influence’ ranks 1st as cause of altcoin volatility… Suspicion of insider intervention ranks 2nd

This article is machine translated
Show original
According to the regular weekly survey on domestic investor market trends jointly conducted by Coinness and Kratos, 35% of respondents (31% last week) predicted that Bitcoin would rise or surge next week. Respondents who expected sideways movement accounted for 33% (29.8% last week), while those who expected a decline or sharp drop accounted for 39.2% (32% last week). Optimistic, sideways, and pessimistic outlooks were relatively evenly distributed. When asked about market sentiment, the largest group, 38%, answered optimistic or extremely optimistic. The proportion of respondents who answered neutral was 32.2%, while the proportion who answered fear or extreme fear was the lowest at 29.8%. Regarding the recent phenomenon of some altcoins experiencing sharp fluctuations—surging several to tens of times in a single day before returning to their original levels—the largest group of respondents (31%) believed it was "price manipulation by market makers (MMs)." Following this, 25.7% answered 'trickery by insiders such as foundations,' 18.6% answered 'a common phenomenon in coins,' 13.7% answered 'if it goes up, it's all good regardless of the reason,' and 11% answered 'the beginning of the altcoin season.'

Source
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.
Like
Add to Favorites
Comments