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The recent trend in the crypto market is really interesting. Are those who were bearish earlier starting to lose their composure now? The eagerness to get in overnight is truly strong.
Once the market trend reverses, the attitude of market participants can change as quickly as flipping a switch. Those who previously bet on a decline now find themselves in an awkward position — seeing continuous large bullish candles and prices climbing higher and higher. If they continue to be bearish, they might get egg on their face; if they try to chase the rally, they might feel a bit embarrassed.
This is the norm in the crypto market. With high emotional volatility and many participants, the most vocal bearish voices often turn into the most anxious chasing actions when the trend reverses. Sometimes, the market is just so realistic.