> “In a sense, the market is going to take that as kind of bullish.”
I mean everything is a bit oversold right now on negative emotions, both in the crypto space and in the stock markets.
There's probably going to be a positive bounce just because markets don't move in straight lines.
There is always the chance that something else explodes due to stress tomorrow and hits the headlines and crypto and/or stocks start melting down again (nothing is ever a sure bet), but it feels like we're closer to hitting a point of selling exhaustion and an inflection point of negative sentiment.
I mean everything is a bit oversold right now on negative emotions, both in the crypto space and in the stock markets.
There's probably going to be a positive bounce just because markets don't move in straight lines.
There is always the chance that something else explodes due to stress tomorrow and hits the headlines and crypto and/or stocks start melting down again (nothing is ever a sure bet), but it feels like we're closer to hitting a point of selling exhaustion and an inflection point of negative sentiment.