BlockBeats news, on November 13, the crypto market analysis agency Santiment published an article stating that as traders' fear sentiment continues to rise, the crypto market may see an “unexpected rebound” in November. Historical data shows that when the market is generally in panic, funds often flow from the “weak-willed” to long-term holders (i.e., “diamond hands”), thus accumulating momentum for a rebound. Santiment believes that the deterioration of this sentiment may actually be “good news for patient investors”, as when more panic selling occurs in the market, long-term holders will take the opportunity to accumulate. “When the public turns negative on assets, especially the highest market capitalization crypto assets, it usually means the market is approaching a capitulation point.” “Once retail investors sell, key holders will take the opportunity to absorb chips and push prices up. This is not a matter of 'whether it will happen', but rather 'when it will happen'.” Santiment's data shows that the overall sentiment towards crypto assets on social media has declined, but this actually represents a typical reverse signal.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Trump TACO trading encounters bottlenecks, Iranian speaker teaches traders reverse operations.
Iranian Parliament Speaker Ghalibaf questioned Trump's trading strategy TACO and suggested taking a reverse approach. The article analyzes the reasons for TACO's failure in the Iranian crisis, including the different nature of the opponents, the absence of the Supreme Leader, and the rising geopolitical risks, which have led to a decline in market confidence. Additionally, Ghalibaf also threatened that institutions purchasing U.S. Treasury bonds are "legitimate military targets," posing a new threat to the bond market.
MarketWhisper19m ago
A Canadian billionaire mocks Tom Lee's latest forecast for the crypto market.
Frank Giustra mocked Wall Street strategist Tom Lee's optimistic forecast about the end of "crypto winter." While Lee sees market reversal signals and potential bullish trends, Giustra remains skeptical, emphasizing gold as a safer investment amid high-risk crypto.
TapChiBitcoin26m ago
The MVRV of short-term Bitcoin holders has dropped to 0.77, with an average unrealized loss of nearly 30%.
The current price of Bitcoin is in the range of $65,000 to $70,000, which is significantly different from the average cost of short-term holders at $85,900, leading most investors to incur losses. The MVRV metric has dropped to 0.77, indicating that the short-term holding group is under pressure.
GateNews31m ago
Why Is Bitcoin Down Today? The U.S. Extends the Iran War, ETF Outflows Accelerate as Miners Surrender
Bitcoin has fallen below $67,000, with a weekly decline of about 3%, influenced by U.S. military actions against Iran, along with outflows from spot Bitcoin ETFs and the return of interest rate hike expectations in pricing, leading to a fearful market sentiment. Increased miner sell-offs have been noted, but it is pointed out that demand-side expansion confirmation is needed to maintain a bullish outlook.
MarketWhisper59m ago
Cardano Price at Risk: Will ADA Lose Its Multi-Year Support? What Comes Next - BTC Hunts
Cardano's price is nearing a critical support level at $0.237, following a rejection at $0.275 amidst broader market weakness. With consistent lower lows and capital outflows, bearish sentiment persists, risking further declines if support fails. Resistance is seen at $0.27.
BTCHUNTS1h ago
