Bitcoin's taking a hit today as the bears seem to be gaining control. The selling pressure's been mounting, and you can feel the shift in market mood—traders are getting more cautious, some even turning outright pessimistic.

What's driving this downturn? Could be a mix of things. Maybe profit-taking after recent gains, maybe macro concerns creeping back in, or just the usual crypto volatility doing its thing. Whatever the reason, the negative sentiment's spreading, and it's showing up in the charts.

When fear starts dominating the conversation, price action tends to follow. We've seen this pattern before—sentiment flips, weak hands fold, and suddenly everyone's watching support levels like hawks. The question now: is this just a temporary shakeout, or are we in for a longer correction phase?

Market psychology plays a huge role in crypto. Right now, the vibe's definitely shifted from bullish optimism to cautious skepticism. Worth keeping an eye on how this plays out over the next few sessions.

BTC5.6%

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TopBuyerForever

· 1h ago

Weak hands are cutting losses again, I bet on this wave.

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BlockDetective

· 12-01 20:09

It fell again, and retail investors are going to cut loss again.

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SatoshiChallenger

· 12-01 20:05

Here we go again with the term "market psychology." Ironically, where are the people who said this back in 2017? Data shows that the loss rate for retail investors at the peak of that bull run exceeded 87%, yet there are still people analyzing psychology with righteous indignation every time there’s a fall. I’m not trying to be contrary, but anyone who has looked at historical candlestick charts knows that the question of "short-term fluctuations versus long-term adjustments" is itself a false proposition—no one can predict it, including the person writing this article. To put it bluntly, it’s just hindsight bias; they can’t make money but still try to appear profound. Do weak hands really fold? Why is it that no one mentions institutions dumping during a pump?

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NFTArchaeologist