@KevinSvenson_ Investment bank CEOs and hedge fund managers are always an excellent counter signal when they start yapping publicly... Remember they are always trying to wrong foot retail... Thats how they make money.
@coinbureau This doesn't feel like an accurate sentiment read IMO. Lots of people are still very bullish on BTC and are convinced they're buying the bottom....
@0xEthan Alts are pumping 5-10% every time BTC retraces 1%... This means retail are trying to buy the bottom... Does this look like bottoming behaviour? Sentiment is all wrong... everyone should be bearish and depressed, calling for way lower prices. Not hopeful and going all in on alts..
Remember, the US government said they're going to buy #Bitcoin this year for the strategic reserve... They're going to want the price as low as possible, They're going to want everyone bearish and panic selling. Expect the unexpected...
Sentiment here seems to be "prices look really good here, you should start buying here and become rich from the bear market!"
...that is not typical bottoming sentiment ...be careful.
#bitcoin#crypto
@ZssBecker Not yet... we haven't seen total dispair yet. Alts were pumping the last week or so (look at NEAR & ONDO)... that means everyone was sure of a bitcoin 60k floor... I'm not sure it will hold. Looks weak as atm.