Negative Sentiment Deepens In Crypto, Why Recovery May Not Last
Negative sentiment in the crypto market has been ramping up in the last few months. This comes hot on the heels of a market crash that saw top coins such as Bitcoin and Ethereum drop to one-year lows. It has resulted in some of the lowest scale readings that the Fear & Greed Index has put out in recent times and it looks like this is only just beginning as negative sentiment has now touched yearly lows. Crypto Market In Extreme Fear Just like with any declining market, investor sentiment has turned to the worse. Indicators show that the market is now in extreme fear, meaning that investors....
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Data shows the social media sentiment around Bitcoin has remained deeply bearish despite the recovery that the cryptocurrency’s price has made. Social Media Data Suggests Retail Still Fearful About Bitcoin In a new post on X, analytics firm Santiment has discussed about how the Positive/Negative Sentiment for Bitcoin has developed on social media following the recent recovery surge in the asset’s price. Related Reading: Ethereum Whale Selloff Continues As Supply Share Drops Under 75% The Positive/Negative Sentiment refers to an indicator that tells us, as its name suggests, how....
Bitcoin exchange outflows have been turning for the better recently. What had predicated this was a long week of inflows surpassing outflows, solidifying the fact that it was a seller’s market. However, the tide has begun to turn as the Monday numbers are in. Bitcoin exchange outflows have now surpassed inflows by a large margin. Investors Are Accumulating Glassnode has published exchange inflow and outflow data which points toward an accumulation trend among investors. For the start of the week, the inflows into centralized exchanges had touched $1.1 billion, a high number. But the....
Data shows users on social media are the most bearish toward XRP in six months, a potential setup for a contrarian move in the asset. XRP Positive/Negative Sentiment Has Plunged Recently According to data from analytics firm Santiment, social media FUD around XRP has seen a spike recently. The indicator of relevance here is the “Positive/Negative Sentiment,” which tells us about how the bullish and bearish sentiments related to the coin compare on the major social media platforms. The metric works by first going through posts/messages/threads on these platforms to separate....
Crypto market sentiment has dropped into the far negative once more. This has been one in the making ever since the Terra crash had begun and investors had scrambled to leave the market. A culmination of this and speculations that the market is headed into one of the longest bear trends ever recorded has now seen sentiment fall to levels not recorded since 2020. In The Extreme Fear Region Now, the crypto market sentiment has not been positive for a while. Most of the last two months have been spent in the fear territory and April had closed out in extreme fear. Nevertheless, the scores on....
Data shows the social media sentiment toward XRP has surged to a 5-week high even as mood around Bitcoin and Ethereum remains dull. XRP Positive/Negative Sentiment Has Shot Up Recently In a new post on X, analytics firm Santiment has talked about how XRP, Bitcoin, and Ethereum currently compare in terms of the Positive/Negative Sentiment. This indicator tells us about whether an asset is observing more bullish or bearish comments on the major social media platforms. The metric works by filtering social media posts/threads/messages for terms related to the cryptocurrency and putting them....