Santiment Flags Risk As Crypto Bullish Talk Spikes While BTC Holds Near $80K

Santiment Flags Risk As Crypto Bullish Talk Spikes While BTC Holds Near $80K

Crypto bullish chatter on social media has surged to levels that, according to crypto sentiment platform Santiment, could signal the current market uptrend may be short-lived. “Rallies that arrive with a confident crowd tend to fade faster than those climbing a “wall of worry,” Santiment said in a report published on Saturday. “Those climbing skepticism tend to extend,” Santiment added. Santiment said the ratio of bullish to bearish crypto-relat…

BTC Holds $80K as Santiment Flags Social Media Hype Risk

Bitcoin’s sitting at $80,000. Looks stable enough. But crypto analytics firm Santiment just put out a warning that’s got traders… Read the original on BTC Holds $80K as Santiment Flags Social Media Hype Risk. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Santiment Flags Risk as Bullish Talk Rises While BTC Holds $80k

Crypto sentiment monitoring firm Santiment is flagging a notable shift in the mood around Bitcoin and the broader market. In a Saturday briefing, the analytics team noted that bullish commentary on social channels has surged, creating a ratio of bullish to bearish crypto-related comments of about 1.5 to 1 across a broad sample of active accounts. Santiment cautions that such “confident crowd” rallies can fade, while moves built on skepticism may…

Santiment flags risk as crypto bullish talk spikes while BTC holds $80K

The increase in bullish versus bearish crypto commentary on social media has Santiment warning that the recent crypto market rally may be short-lived.