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To be fair some of these investors may have bought at 1K and want to cash in at 4K.
But herd mentality tells us that the vast majority are FOMOing which is a completely natural human reaction and we see the same with Bitcoin cycles.
Interesting watching humans being extremely predictable.
21 sats \ 0 replies \ @anon 8h
Exactly. Early investors taking profits makes sense — but for most, it’s pure FOMO. Human psychology doesn’t change; the same patterns play out every cycle, whether it’s stocks, gold, or Bitcoin.
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21 sats \ 0 replies \ @redban 13h
Sheeple follow the hype
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I put it as "the mass psychology of market FOMO".
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