Crypto traders are turning negative as prices fall, but the growing fear may actually point to a short-term market bottom.
Social sentiment has dropped sharply for Bitcoin, Ethereum, and XRP, with traders becoming more cautious. Data from Santiment shows retail investors are showing high levels of fear — often a sign that a rebound may be near.
Bitcoin’s Net Unrealized Profit (NUP) ratio has fallen to 0.476, a level that has historically marked short-term bottoms, followed by price recoveries.
The total crypto market cap is now around $3.47 trillion, continuing its month-long slide. Still, institutional investors remain cautiously optimistic. A survey by Sygnum found 61% of institutions plan to increase crypto exposure ahead of expected ETF launches and clearer regulations.
On-chain data shows large players buying the dip. Strategy added 487 BTC last week, while Ethereum exchange reserves hit their lowest level since May 2024 — suggesting accumulation.
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