Cryptocurrency traders are showing a decrease in optimism in the five weeks leading up to the present moment. According to market intelligence platform Santiment, traders in the leading crypto assets have been gradually pointing the market to a possible bearish movement. By looking at social metrics and funding rates, Santiments came to the conclusion that the trend is likely to oppose the ongoing crypto bull run. After conducting a backtest of data, the platform concluded that traders’ doubt is linked to prices that often take least expected direction. Moreover, the sentiments on social media platforms have significantly decreased, with fewer discussing bitcoin and altcoins. Likewise, the market's favorable position on the funding rate side was noticed by Santiments, who found that all the big market cap assets exhibit a long funding rate when looking at the rates on different platforms. The only downside to the situation are the lack of bullish messages from the loudest voices in crypto. This data is valuable for investors as it offers an insight into which way the market may move.



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