According to AltcoinGordon on Twitter, the current sentiment among crypto traders is strongly bearish, as reflected in the widespread market downturn and negative outlook across major altcoins (Source: AltcoinGordon, Twitter, May 8, 2025). This bearish trend has resulted in increased selling pressure and reduced trading volumes, with key support levels being tested. Traders should remain cautious, monitor for potential oversold signals, and consider risk management strategies as the market navigates this period of heightened volatility.