PANews reported on February 3 that according to an analysis published by Santiment, as global stock markets fell sharply this week, the cryptocurrency market also fell. Public opinion seemed to blame the plunge on "Trump's trade war." Whether it was the main reason or there were other factors, traders in the cryptocurrency community reacted very negatively.

BTC has now risen back to the $96,000 range and may not be done yet, but is this pump just to allow “belligerent” retail traders to sell at the local bottom? Historically, the market almost always moves in the opposite direction of popular expectations, and there may also be buying opportunities when most traders are skeptical about cryptocurrencies.