Many recent Bitcoin sellers are likely expecting a downturn and may be turning to social media to sway sentiment in that direction, according to an analyst. Some traders who are warning about an upcoming Bitcoin correction might be driven more by self-interest than by an unbiased view of the market, according to a Bitcoin analyst. “If you sold, you really want lower prices,” Bitcoin analyst PlanC said on the Mr. M Podcast published to YouTube on Friday, reiterating that those who’ve recently sold Bitcoin (BTC) may become more vocal on social media, promoting the idea of Bitcoin’s price falling in hopes of seeing the market move in their favor. “The whole point of you selling is to think that the bear market is coming,” he said. “So you’re going to get on social media,” he added. Read more
Many recent Bitcoin sellers are likely expecting a downturn and may be turning to social media to sway sentiment in that direction, according to an analyst. Some traders who are warning about an upcoming Bitcoin correction might be driven more by self-interest than by an unbiased view of the market, according to a Bitcoin analyst. “If you sold, you really want lower prices,” Bitcoin analyst PlanC said on the Mr. M Podcast published to YouTube on Friday, reiterating that those who’ve recently sold Bitcoin (BTC) may become more vocal on social media, promoting the idea of Bitcoin’s price falling in hopes of seeing the market move in their favor. “The whole point of you selling is to think that the bear market is coming,” he said. “So you’re going to get on social media,” he added. Read more
Santiment said Bitcoin’s retail-whale divide is a flashing warning sign, while other analysts anticipate new highs on a macro rebound. Bitcoin retail investors are snapping up Bitcoin as whales sell off, a pattern that could signal trouble for the asset’s price if history is any guide, according to sentiment platform Santiment. However, other crypto analysts are divided on how the coming weeks will unfold for Bitcoin (BTC). “Historically, prices tend to follow the direction of the whales, not retail,” Santiment said in a markets report on Saturday. Read more
Santiment said Bitcoin’s retail-whale divide is a flashing warning sign, while other analysts anticipate new highs on a macro rebound. Bitcoin retail investors are snapping up Bitcoin as whales sell off, a pattern that could signal trouble for the asset’s price if history is any guide, according to sentiment platform Santiment. However, other crypto analysts are divided on how the coming weeks will unfold for Bitcoin (BTC). “Historically, prices tend to follow the direction of the whales, not retail,” Santiment said in a markets report on Saturday. Read more
Santiment said Bitcoin’s retail-whale divide is a flashing warning sign, while other analysts anticipate new highs on a macro rebound. Bitcoin retail investors are snapping up Bitcoin as whales sell off, a pattern that could signal trouble for the asset’s price if history is any guide, according to sentiment platform Santiment. However, other crypto analysts are divided on how the coming weeks will unfold for Bitcoin (BTC). “Historically, prices tend to follow the direction of the whales, not retail,” Santiment said in a markets report on Saturday. Read more
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Today in crypto, Bitcoin retail investors and whales are moving in opposite directions, the Balancer DAO has given the hacker behind the exploit until Saturday to return the stolen funds for a bounty. Meanwhile, Kazakhstan is considering converting part of its sovereign wealth and gold reserves into digital assets. Bitcoin retail investors are snapping up Bitcoin as whales sell off, a pattern that could signal trouble for the asset’s price if history is any guide, according to sentiment platform Santiment. However, other crypto analysts are divided on how the coming weeks will unfold for Bitcoin. Read more