But the problem lies deep within the rest of the traders. Not everyone is like the hardcore tight fisted bagholder who does not get influenced by small movements in the market. There are panicky holders too who speculate too much and buy or sell at the wrong times. These people feel they lost their money in crypto and want to cut as little losses as possible before they exit. They did not do proper research and they have to suffer.

The bear market is correctly called as the testing method for the real holders and it is a good method to weed out the weak hands.