According to Santiment, fear is spreading across the market as negative comments about Bitcoin, Ethereum, $XRP, and other major altcoins increase. Santiment notes that the Binance hack, as expected, accelerated the collapse of crypto sentiment, with optimism diminishing as prices fall and fear spreads throughout the market. However, this pessimistic picture could also be a harbinger of a possible recovery.
Bearish Expectations for Bitcoin and $XRP are Strengthening!
According to Santiment, data shows a growing trend of negative expectations in social media and community commentary.
According to the data, for every bearish commentary on Bitcoin, there are only 0.69 bullish comments.
In $XRP, this ratio is at 0.61.
In contrast, Ethereum exhibits a more positive outlook compared to other major cryptocurrencies, with a bull/bear ratio of 1.14. However, it was noted that optimism towards ETH has also significantly declined since September.
Can Extreme Fear Turn into a Buying Opportunity?
Santiment also noted that historically, periods of extreme fear have sometimes created significant opposing investment opportunities. However, negative sentiment and fear alone do not necessarily mean the market has reached its bottom.
According to Santiment, if BTC and $XRP sentiment remains below 1.0, and prices stop making new lows—meaning prices stabilize—this could be a significant signal for a potential medium-term relief rally.
*This is not investment advice.
en.bitcoinsistemi.com
