Over the last ten days, the crypto crowd has been persistently leaning towards a bearish trend, but according to Santiment, it’s a good sign. 

In a recent X post, Santiment noted,

This is historically a solid sign that prices can rebound with little resistance, and while retail doesn’t expect it.

This is because in the past, there have been several occasions where prices have shifted in the opposite direction of the crowd’s lean. 

Given that the crowd was pessimistic, the chart also suggested that this is a good time to buy.

This coincided with a decline in the global crypto market cap, wherein BTC too was trading at $75,856.68 following a 1.93% decline over the previous week. 

The crowd leans towards bearish sentiment

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