Crypto sentiment moves into fear terriroty as traders weigh next moves
Crypto sentiment has moved into fear as investors are temporarily holding off from taking more risks in the market. According to sentiment sources, most traders are choosing to move further away from the risk curve.
“It’s clear traders are less interested in obscure altcoins and are instead debating which major asset will break out next,” sentiment platform Santiment said in a report on Saturday.
Santiment also highlighted the increase in focus on larger-cap assets like Bitcoin, Ethereum, and XRP. “A heavy focus on large-caps can indicate a more cautious or ‘risk-off’ sentiment among traders,” Santiment said.
Crypto sentiment slides into fear as Bitcoin price remains indecisive
The development comes amid…
