Bearish outlook prevails on SNS..."It could be a buying opportunity at the bottom"

Son Min

Summary

Santiment announced that investor sentiment sharply shifted to a strong bearish outlook following Bitcoin's failure to rebound.
Over the past 24 hours, SNS has seen the highest level of bearish sentiment since the war-induced fears of June.
Santiment explained that the market moves contrary to public expectations, and moments of heightened fear may be viewed as buying opportunities.

Investor sentiment on social media services (SNS) has shifted to bearish.

On the 20th (local time), Santiment stated via X (formerly Twitter), "As Bitcoin (BTC) failed to rebound, retail investor sentiment has completely reversed," adding, "Over the past 24 hours, the level of bearish sentiment observed on social media has been the highest since the fear caused by the war in June."

Furthermore, Santiment explained, "The market moves contrary to public expectations. Bearish sentiment is an opportunity," and noted, "You may be able to buy when fear is at its peak."

BTC