The psychology of many long-term holders, I see, is clearly being affected by MM, constantly changing and the evidence is that they are gradually tending to trade or hold short and then run away quickly!

It's quite understandable because this period is extremely depressing, everything becomes pessimistic so most of them lower their target expectations, holding coins that have decreased a lot, they just hope to break even.

$BTC is going up and down with an amplitude of 30%, there is almost no vol, low liquidity, just fomo is eating and throwing, if you don't close, you go back to entry, ...

Trading wears out the capital, holding just wants to go all-in and turn off the app, it's so boring, holding coins is afraid of breaking, holding money is afraid of missing the wave.

So don't try to trade to recover losses, but sit still, keep a cool head to know when to enter and exit appropriately, practice patience because 90% of investing time is waiting.