Santiment: As Crypto Markets Plunge, Social Media Shows Peak FUD
Santiment said in a social media post that the crypto market continues to plummet, with social media showing peak FUD. It is rare to mention "sell" more than "buy" in crypto forums in an hour, and just in the past 24 hours has seen the largest ratio of negative to positive comments so far in 2024.
For more aggressive traders, this is an opportunity, and some may wish to become a true contrarian, bottom fishing to buy in the anger and frustration of the majority.