I do not think that the current market sentiment can be compared to the period in 2019.
Altcoins are being completely "buried", prices have dropped significantly, while the fundamentals of some projects are growing noticeably stronger. It is very rare for market sentiment to continue to accurately reflect the price. Remember: just 12 months ago, everyone was cheering and hoping for a super price increase in 2025. The result is completely opposite. And now, everyone is predicting that 2026 will be an extremely negative year. I believe that this time the outcome will also reverse compared to the crowd's expectations.
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I do not think that the current market sentiment can be compared to the period in 2019.
Altcoins are being completely "buried", prices have dropped significantly, while the fundamentals of some projects are growing noticeably stronger.
It is very rare for market sentiment to continue to accurately reflect the price.
Remember: just 12 months ago, everyone was cheering and hoping for a super price increase in 2025.
The result is completely opposite.
And now, everyone is predicting that 2026 will be an extremely negative year.
I believe that this time the outcome will also reverse compared to the crowd's expectations.