"Increase in Bearish Sentiment on Cryptocurrency in SNS... A Good Time to Buy"

Son Min

Summary

With the surge in bearish sentiment on cryptocurrencies in SNS, it is argued that now is a good time to buy.
Santiment noted that historically, market movements have been contrary to public opinion.
In the Binance USDT market, the price of Bitcoin has fallen by 4.36% compared to 24 hours ago, seen as a buying opportunity.

There has been a surge in opinions forecasting a bearish trend for cryptocurrencies on social media services (SNS). Consequently, some argue that now is a good time to buy cryptocurrencies.

On the 2nd (local time), Santiment stated on X, "The U.S. stock market and the cryptocurrency market have plummeted," adding, "Currently, the opinions forecasting a bearish trend for cryptocurrencies on SNS are at the highest level in a year compared to bullish views." Furthermore, they noted, "Historically, the market has moved contrary to public predictions," and added, "The best time to buy is when the majority are skeptical about cryptocurrencies."

As of 7:07 PM, Bitcoin is trading at $95,204 on the Binance USDT market, down 4.36% from 24 hours ago.

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