Institution: Crypto market sentiment is low, which may trigger an "unexpected rebound" this month.
On November 13, the crypto market analysis institution Santiment stated that as traders' fear sentiment continues to rise, the crypto market may experience an "unexpected rebound" in November. Historical data shows that when the market is generally in panic, funds often flow from the "weak hands" to long-term holders (i.e., "diamond hands"), thereby accumulating momentum for a rebound.
Santiment believes that this worsening sentiment may actually be "good news for patient investors" because when there are more panic sell-offs in the market, long-term holders will take the opportunity to accumulate. "When the public turns negative on assets, especially for the highest market cap crypto assets, it usually means the market is nearing a capitulation point." "Once retail investors sell, key holders will take the opportunity to absorb chips and push prices up. This is not a question of 'if it will happen,' but rather 'when it will happen.'"
Santiment's data shows that the overall sentiment towards crypto assets on social media is declining, but this is actually a typical contrarian signal.