Santiment has issued a warning regarding the current 'bottoming consensus' in the cryptocurrency market, suggesting it may be unreliable. The analytics firm highlighted that when a widespread belief emerges that the market has hit bottom, it often indicates that further declines are possible. This caution comes after Bitcoin briefly dipped below $95,000, prompting many traders to declare the worst was over. However, Santiment's historical data suggests that such sentiment can precede additional price drops.
Santiment Cautions Against Premature 'Bottoming Consensus' in Crypto Market
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