Emotions play a big role in such markets. Specially in cryptos where the volatility is pretty high, people enter for quick profits which did make sense in the previous years. But the market is expanding now and volatility is decreasing as the result. So, people who come with unrealistic expectations are obviously going to react with fear and emotions. No financial market is good for emotions. It's all number and technical indicators. For example the recent pump, market didn't react on the logical news as that of Binance opening a crypto exchange. But they reacted on a false news out of fear.