Santiment: Bullish sentiment on crypto social media has been declining since late March
PANews reported on April 18 that according to CoinDesk, data tracked by Santiment shows that the number of mentions of “bull market” or “bull market cycle” on cryptocurrency social media has been declining since late March. At the same time, references to “bear markets” or “bear cycles” have steadily increased. Mentions of other keywords such as "buy the dip" also suggest that "hopium" - cryptocurrency slang for hopes of a quick recovery and continued bull run - has faded among retail investors. Historically, the number of "buy the dips" has declined. ” mention signals the end of the downtrend.
Santiment’s social trending metrics track chat on Telegram, Reddit, X and 4Chan to identify keywords or topics that spark interest.
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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