Crypto Traders Showing Fear, but It Likely Won’t Last
Crypto traders have swung into more negative sentiment and deeper fear, uncertainty, and doubt (FUD), according to the onchain analytics platform Santiment, but analysts say it’s likely only temporary.
Santiment said in an X post on Tuesday that with the price of Bitcoin (BTC) falling, and altcoins going through a retrace period, traders have been increasingly talking about selling, the market sinking lower or a bear market.
It added that markets often “move opposite to the crowd’s expectations,” so the last “couple of weeks of FUD is an encouraging sign that this feared large retrace will never actually happen.”
Crypto market sentiment slipped into Fear on Sunday and showed signs that investors were temporarily stepping back,…
