Bitcoin bull run unlikely as long as social sentiment runs too hot — Santiment
Santiment says there’s nearly double the amount of bullish posts to bearish ones on social media.
Bitcoin may not post a new all-time high any time soon as crypto market sentiment is at its highest level for months, according to Santment.
On Sept. 30, onchain analytics platform Santiment stated that those expecting a new Bitcoin all-time high may need to first wait until the crowd “slows down their own expectations.”
It looked into social sentiment data, adding that there are currently 1.8 bullish posts about Bitcoin for every 1 bearish post.
Santiment says there’s nearly double the amount of bullish posts to bearish ones on social media.
Bitcoin may not post a new all-time high any time soon as crypto market sentiment is at its highest level for months, according to Santment. On Sept. 30, onchain analytics platform Santiment stated that those expecting a new Bitcoin all-time high may need to first wait until the crowd “slows down their own expectations.” It looked into social sentiment data, adding that there are currently 1.8 bullish posts about Bitcoin for every 1 bearish post. Read more