One Factor Is Raising the Likelihood of Crypto Prices Going Higher, According to Analytics Platform Santiment
Crypto analytics platform Santiment says one key factor is elevating the odds of digital assets witnessing a recovery.
In a new thread on the social media platform X, the market intelligence firm says excessive bearish sentiment by investors raises the likelihood that digital assets spark a rally, similar to what was witnessed in Q4 of last year.
“Crypto has been a slight letdown for traders over the past week, and we have been seeing higher than usual mentions of selling interest. Just like we saw throughout the Q4 bull rally, when the crowd begins to get too bearish, higher prices become much more likely.”
Santiment’s chart shows that social media mentions of selling digital assets spiked on…
