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Crypto Sentiment Shifts Bearish As Bitcoin Sees Renewed Interest From Institutions And Nations
Over the past two weeks, a dramatic shift has occurred in the crypto market sentiment. Investors, particularly those holding altcoins and memecoins, have shifted from optimistic to cautious, resulting in a reduced appetite for riskier assets and an increased focus on Bitcoin.
This sudden change in mood is evident in the declining market caps of altcoins and the renewed interest in Bitcoin. The majority of crypto investors have flipped their sentiment from bullish to bearish, as reflected in recent Twitter posts from Santiment (@santimentfeed). In a tweet, Santiment highlights the stark contrast between the current sentiment and that observed just two weeks ago.
The current bearish sentiment among retail traders could mark a strategic entry point for those anticipating the next upward cycle.
Source: nulltx.com
