Retail traders flip bearish as crypto sentiment sours
The retail crowd has turned bearish from yesterday’s decline in the cryptocurrency market. The mood in the crypto market dropped into “Fear” levels today, standing at 25 points, a modest increase from yesterday’s 22. According to Santiment, the wave of pessimism has historically been a contrarian buy signal, as periods of high fear often precede price rebounds
On-chain data revealed that the market has historically fluctuated significantly, from its “Extreme Greed” peak of 81 in December of last year to its current state of dread, exposing the unpredictable nature of cryptocurrency investors.
Retail capitulation paves the way for crypto rebound
Regarding the recent Fear and Greed Index, Santiment noted that the market…
