07-06-2023 15:00 via newsbtc.com

Bitcoin Contrarians Win As Rebound Occurs Against Crowd Expectations: Santiment

Data from Santiment suggests that the latest Bitcoin rebound took place after most investors had given up on the idea of it happening.
Bitcoin Observes Rebound After “Buy The Dip” Crowd Goes Silent
According to data from the on-chain analytics firm Santiment, calls for buying the dip had mostly disappeared right before the actual rebound. The indicator of interest here is the “social volume,” which measures the total number of social media text documents that mention a gi
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