I know the title sounds offensive but hear me out.
The market has hit somewhat of a plateau as far as the crypto world goes. In the traditional stock market, this would be normal activity taking place. A correction that would be seen over a period of months or years rather than weeks.
But this is Crypto we're talking about. Every market movement is greatly exaggerated and discussed across the internet, especially on Reddit.
It isn't standard for an asset to gain in value 30% day after day. Not even close. The S&P 500 typically offers returns around 8%. Some cryptos rise and fall 130% in a day.
So with the tiny bit of normalization in the market, are we seeing the "dumb money" slowly exiting crypto? You know the kind of person that expects to 5x their money or sells everything as soon as the market starts to tumble.
The kind of person that asks Reddit, "When IZ THIS COIN GONNA MOON?!?". I'm guessing there are quite a few tech-savvy teenagers in the market.
Anyways, perhaps we will start to see more educated investors enter the market as it starts to normalize. Here's hoping!
