Santiment: BTC Social Discussion Volume Hits 4-Month High, Likelihood of Market Reversal Significantly Increasing

BlockBeats News, November 16th, the cryptocurrency sentiment analysis platform Santiment pointed out that Bitcoin’s social media discussion volume has surged. While this is not necessarily a signal of the market bottoming out, the probability of a market reversal is significantly increasing. This past Friday, when Bitcoin’s price dropped below $95,000, the discussion intensity hit a 4-month high, indicating that retail investors’ extreme panic and FUD sentiment are in full swing.