A recent analysis by Santiment reveals that Bitcoin and Ethereum prices frequently move contrary to prevailing social media sentiment. The study indicates that strong bullish sentiment on platforms such as Twitter and Reddit often precedes price declines, while bearish sentiment may signal potential rebounds. These sentiment shifts are associated with whale activity and market efficiency. Santiment advises traders to integrate sentiment data with technical and on-chain analysis for more informed trading decisions.
Bitcoin and Ethereum Prices Defy Social Media Sentiment, Santiment Finds
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