Bitcoin Sentiment Hits 2-Year Low As Retail Panic Continues
Bitcoin’s price has struggled to stabilize in recent days, and the shift in sentiment surrounding the asset has become just as significant as the price movement itself. The cryptocurrency slipped further into the mid-$80,000 region this week in the middle of a downtrend that has kept buyers on the defensive. Related Reading: Over 65 Crypto […]
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Following the recent market whirlwind that occurred over the weekend, Bitcoin has fallen towards the $111,000 price level again as the market turns bearish. Amid this waning movement in price, retail players’ sentiment is still underwater, with these investors sending a large quantity of BTC to crypto exchanges. Retail Traders Turn Bearish On Bitcoin US […]
After dropping from the $102,000 price level earlier this week, Bitcoin continues to struggle to initiate a rebound toward the $100,000 mark. Its weak performance is attributed to a broader bearish action in the general crypto market. However, retail investors’ interest in the flagship asset has increased significantly during this volatile period. Retail Interest In […]
The decline in the price of bitcoin following the rally has unearthed some underlying weaknesses that were not easily seen before. The run-up and eventual rundown from $25,000 have shown that retail investors are not as moved by the market as expected. Even now, transaction volumes for retail investors remain muted, indicating that the burnout from the rally was actually a result of low bullish sentiment. Bitcoin Retail Volume Remains Low In a recent report, Glassnode points to the low retail volume as an indicator of the weakness of the market. Usually, retail investors react to long....
Bitcoin has lost more than 35% of its value since early October, dropping sharply from its $126,000 all-time high and sending the market into full panic mode. Sentiment has deteriorated quickly, with liquidations, forced selling, and collapsing confidence pushing price action into deeply oversold territory. Related Reading: Bitcoin Loses $85K as Coinbase Premium Stays Negative […]
The crypto market looks beaten down again, but one veteran investor says that may be the exact signal to stay calm. Related Reading: Bitcoin’s Grip Holds — But Signs Of Weakness Are Piling Up: Analyst Bitwise Chief Investment Officer Matt Hougan believes Bitcoin’s deep sell-off — now dragging prices below $102,000 for the first time since the last five months — is more about panic than fundamentals. Retail Sentiment At ‘Max Desperation’ Hougan told CNBC this week that small traders are hitting a breaking point. “It’s almost a tale of two markets,” he said, describing what he....