PANews reported on November 16th that Santiment, a cryptocurrency sentiment analysis platform, tweeted that while a surge in Bitcoin discussion on social media isn't necessarily a sign that the cryptocurrency has bottomed out, it significantly increases the likelihood of a market reversal. Last Friday, when Bitcoin's price fell below $95,000, related discussion reached its highest point in four months, indicating severely heightened retail investor panic and market uncertainty (FUD).PANews reported on November 16th that Santiment, a cryptocurrency sentiment analysis platform, tweeted that while a surge in Bitcoin discussion on social media isn't necessarily a sign that the cryptocurrency has bottomed out, it significantly increases the likelihood of a market reversal. Last Friday, when Bitcoin's price fell below $95,000, related discussion reached its highest point in four months, indicating severely heightened retail investor panic and market uncertainty (FUD).
Santiment: Retail investor panic and FUD are severely elevated, significantly increasing the likelihood of a market reversal.
PANews reported on November 16th that Santiment, a cryptocurrency sentiment analysis platform, tweeted that while a surge in Bitcoin discussion on social media isn't necessarily a sign that the cryptocurrency has bottomed out, it significantly increases the likelihood of a market reversal. Last Friday, when Bitcoin's price fell below $95,000, related discussion reached its highest point in four months, indicating severely heightened retail investor panic and market uncertainty (FUD).
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