Editor's PiCK
[Analysis] "Crypto Market Faces Further Decline, Investor Sentiment at Lowest…Contrarian Signal?"
Minseung Kang
Summary
- It was stated that investor sentiment has hit its lowest level due to the decline in the cryptocurrency market.
- Santiment reported that public sentiment towards Bitcoin has become the most negative this year.
- It was added that the current situation could be a positive signal for contrarian investors.
The cryptocurrency market is showing a downward trend, and there is an analysis indicating that investor sentiment is freezing.
On the 22nd, cryptocurrency data analysis firm Santiment stated on X (formerly Twitter) that "due to the further decline in the cryptocurrency market, public sentiment towards Bitcoin (BTC) has reached its most negative level this year."
Santiment added, "There is significant FUD (fear, uncertainty, and doubt) among active traders," noting that "this could be a positive signal for contrarian investors who understand the market tends to move opposite to the expectations of retail investors."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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