- It may be a good idea to buy more during times of market-wide panic, and the recent FUD wave is a good buying opportunity
- Hike in CDD over the past two weeks with BTC close to $100k indicated a quick recovery wasn’t likely the answer
Bitcoin [BTC] might not have reached its bottom yet, according to a recent analysis by AMBCrypto. This seemed to hold true at press time too, with the 24-hour long/short ratio flashing a reading of 0.91.
Among the takers (market orders), the shorts accounted for 52.35% of the volume – Indicating bearish sentiment.
Source: Santiment Insights
In a Santiment Insights post, user Brian pointed out that negative, bearish social media engagement might be the best time to buy more crypto.
Do markets move contrary to the majority’s expectations, and where might the market head next?
Bitcoin holders and buyers need not panic
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Author: Akashnath S
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