Santiment: Retail Sentiment Turns Extremely Bearish, Potential Signal for Market Reversal
BlockBeats News, August 20 — According to data from Santiment, after Bitcoin fell below $113,000 and failed to sustain its rebound, retail trader sentiment has plummeted sharply over the past 24 hours, reaching its lowest level since the sell-off triggered by geopolitical tensions on June 22.
Santiment noted that historically, periods of extreme pessimism often present buying or accumulation opportunities for patient investors, as market trends tend to move contrary to the majority’s expectations.
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