[Analysis] "Unanimous expectations for a market bottom...could instead signal further declines"

Market participants being overly certain about a 'bottom' was warned to be a signal to be cautious.

On the 15th (local time), Santiment said in a report, "It is rare for an actual bottom to form at the point when analysts and traders unanimously declare a certain price range the market bottom," and "true bottoms often form when the majority of market participants expect further declines."

Santiment explained that after Bitcoin briefly fell below $95,000 on Friday and tech stocks also showed weakness, discussions related to 'escaping the market bottom' quickly spread on social media. It analyzed that this was being interpreted as a sign that some investors are judging "the worst is over."

However, Santiment stressed that historically this kind of sentiment has often led to further declines, and that one should pay attention to market volatility, especially when short-term optimism becomes excessive.