Many people think that when Bithumb mistakenly issues such things, the market should panic and crash. But if you look closely at the market, you will find a very subtle thing:
👉 The price did not give feedback of 'systemic panic.' There was no continuous volume drop, nor was there that kind of 'first to run for respect' stampede. This instead made me start to be wary of another thing. It's not that everyone is not afraid of risk, but rather that everyone has become accustomed to risk.
I am used to problems with exchanges, used to black swans,
I am used to treating all anomalies as 'part of the market.'
When a market cannot even stir emotional fluctuations with such significant events, what does that indicate? It indicates that what dominates the market now is not panic, but numbness. The price not collapsing does not mean the risk has disappeared; no reaction can sometimes be an even more dangerous signal.
I don't draw conclusions; I just present an observation:
👉 When negative news is no longer seen as negative, this stage is often more complex than panic.
