BlockBeats news, on November 16, the crypto sentiment analysis platform Santiment pointed out that the discussion volume of Bitcoin on social platforms has surged. Although this is not a definitive signal of a bottom in the crypto market, the probability of a market reversal is significantly increasing. When Bitcoin's price fell below $95,000 this Friday, the discussion intensity reached a new high in four months, indicating that retail investors' extreme panic and FUD are fully erupting.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Santiment: The social discussion heat of BTC has reached a 4-month high, and the probability of a market reversal is significantly increasing.
BlockBeats news, on November 16, the crypto sentiment analysis platform Santiment pointed out that the discussion volume of Bitcoin on social platforms has surged. Although this is not a definitive signal of a bottom in the crypto market, the probability of a market reversal is significantly increasing. When Bitcoin's price fell below $95,000 this Friday, the discussion intensity reached a new high in four months, indicating that retail investors' extreme panic and FUD are fully erupting.