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Santiment: As crypto markets plummet, social media shows FUD spikes

CointimeCointime2024/07/05 06:38
By:Cointime

Santiment posted on social media that the cryptocurrency market continues to plummet, showing a peak of FUD on social media. Within an hour, there were more mentions of "sell" than "buy" on cryptocurrency forums, which is rare, and in the past 24 hours, there has been the largest ratio of negative to positive comments since 2024. For more daring traders, this is an opportunity, as some may wish to become true contrarian investors and buy in during the anger and frustration of most people.

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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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