Santiment "Sentiment Deteriorates in Major Coins This Week...First Time in 6 Months"

Crypto on-chain analytics platform Santiment reports via X: "Since the bull market began in earnest last October, the market capitalization of major cryptocurrencies has been fluctuating and showing no clear growth. This week in particular, bearish sentiment has spread across the market, with major coins such as bitcoin, Ethereum (ETH) and Binance Coin (BNB) showing deteriorating sentiment." "The deterioration in sentiment is more widespread across the major altcoin markets, including Ripple (XRP), Cardano (ADA), and Solana (SOL). This is the first time we've seen this in six months." However, Santiment added, "If traders are concerned about the prospects of major coins and are driving FUD, it can be interpreted as a bullish signal. Historically, markets tend to move in the direction that investors least expect, catching short (bearish) traders off guard and allowing them to resume their ascent."