Santiment: Historically, when most traders are skeptical of cryptocurrencies, there may be buying opportunities
Santiment's analysis suggests that due to the significant global stock market downturn this week, the cryptocurrency market has also experienced a decline. The public opinion seems to attribute the crash to "Trump's trade war," and regardless of whether it is the main reason or there are other factors, the reactions of traders in the cryptocurrency community have been very negative. Currently, BTC has rebounded to the range of $96,000 and may not be over yet, but is this kind of surge just to allow "belligerent" retail traders to sell at the local bottom? Historically, the market almost always develops in the opposite direction of public expectations, and there may be buying opportunities when most traders are skeptical of cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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