According to Crypto Rover (@rovercrc), selling Bitcoin right before a significant reserve announcement could be a mistake, implying potential market movements or price impacts following the announcement.

According to The Kobeissi Letter, Ethereum ($ETH) experienced a notable price reversal following the Reserve announcement. Initially, $ETH hit a low of $2,173 on March 2nd, surged to $2,550, and has recently fallen to $2,002. This marks an 8% decline below the pre-announcement bottom, indicating significant volatility and potential bearish sentiment in the market. Traders should be cautious about potential further declines or consider this as a potential buying opportunity depending on market conditions.

According to The Kobeissi Letter, there was a significant swing in crypto market sentiment, suggesting a potential retail trap. The Crypto Fear & Greed index moved from around 20, indicating extreme fear, to approximately 55, approaching greed, following the Reserve announcement. However, it has since dropped back to around 24, reflecting renewed fear levels. This volatility may impact trading strategies as market sentiment remains unstable (source: The Kobeissi Letter).