The Crowd Is Bearish On Bitcoin, But History Says That’s Bullish

Santiment data shows that bearish sentiment language is flooding social media at peak levels. However, this might actually be a good thing for smart bullish investors, as the sentiment data proposes that what retail traders are saying may be setting up the opposite move in price. Social Media Fear Shows Fading Bullish Language Data from Santiment’s social dominance tracking tool shows a vivid rise in bearish language dominating Bitcoin-related discussions on social media platforms. Terms like “crash,” “dip,” “pullback,” and “bloodbath” are now appearing more frequently across social platforms, and this is a direct reflection of the fear among retail participants. Santiment’s social dominance tracking tool monitors the balance between bullish and bearish language acro...