PiCK

"SNS mentions of 'cryptocurrency purchase' reach 8-month high"

Son Min

Summary

Mentions of 'cryptocurrency purchase' on SNS have reached an 8-month high.
It is analyzed that mentions of purchases on SNS increased as Bitcoin fell to $95,500.
It was stated that Bitcoin's market capitalization increased by 81% after Black Monday.

Mentions of 'cryptocurrency purchase' on social media services (SNS) have reached an 8-month high.

On the 20th (local time), Santiment reported on X, "Bitcoin (BTC) fell to $95,500, and mentions of cryptocurrency purchases on SNS reached an 8-month high," adding, "This ratio surged when Bitcoin plummeted on August 4th (Black Monday)." They further explained, "After Black Monday, Bitcoin's market capitalization increased by 81%."

BTC