Today I see that Santiment has a rather interesting perspective on market sentiment, so I'm sharing it for everyone to refer to.
After the bounce around 90.2k and then quickly pulled back to the 84.8k range, the general sentiment of retail is strongly leaning towards fear. On X, Reddit, Telegram, keywords like 'selling', 'sold', 'bearish', 'lower' are appearing much more frequently compared to bullish stories $BTC
This may sound negative, but looking back at market history, this is often not a bad signal. Many times before, whenever the crowd was uniformly pessimistic, fearful, and talking about panic selling, prices tended to go against the general expectations.
In other words, when retail is most afraid, the market usually doesn't collapse much further. In fact, quick rebound phases in the past often began right at the point where the bearish narrative completely overshadowed the bullish one, as it is now.
Of course, this doesn't mean that prices have to surge immediately, but for those who are patient and not swept away by short-term emotions, the market's fluctuations in a state of fear are actually creating an advantage.
The crypto market has always liked to do the opposite of what the majority thinks. And at a time when everyone is worried and speaking negatively, it is often not the worst time as many people believe.
