Institution: Cryptocurrency Market Sentiment Low, Potentially Triggering This Month's "Unexpected Rebound"

BlockBeats News, November 13th, cryptocurrency market analysis firm Santiment published a post stating that as traders' fear sentiment continues to heat up, the cryptocurrency market may see an "unexpected rebound" in November. Historical data shows that when there is widespread market panic, funds tend to flow from the "weak hands" to long-term holders (i.e., "diamond hands"), thus building momentum for a rebound.

Santiment believes that this worsening sentiment may actually be "good news for patient investors," as when more panic selling occurs in the market, long-term holders take the opportunity to accumulate. "When the general public turns negative on an asset, especially the most valuable cryptocurrency, it often means the market is approaching a capitulation point." "Once retail investors sell off, key holders will take the opportunity to absorb the dip and drive up the price. It's not a question of 'if it will happen,' but only 'when it will happen'."

Santiment's data shows that overall sentiment on social media regarding cryptocurrency assets is declining, but this is actually a typical contrarian signal.