Investors are starting to think that the bear market has come for cryptocurrencies. But this could actually be a good sign for the bulls.
According to the data from the blockchain analysis platform Santiment, the shares made about cryptocurrencies on social media began to be more bear market oriented.
When following these shares, Santiment focuses on platforms such as Telegram, Reddit, X, and 4Chan.
Accordingly, shares containing terms such as “bull market” or “bull cycle” have decreased since the end of March, while shares containing terms such as “bear market” or “bear cycle” have started to increase.
The Santiment team made a share about this, saying, “Prices have historically moved in the opposite direction of the general expectations of the investor community.” and added:
“According to the crypto community, Bitcoin’s value, after breaking an all-time high of $73.600 on March 14, decreased by 16%, and the end of the bull market was mentioned more than the bear market.”
