Cryptocurrency News
Number of Bear Market Mentions Falls as Crypto Prices Level Out
2022.07.14 07:01
Number of Bear Market Mentions Falls as Crypto Prices Level Out
- Talks about the crypto “Bear Market” are on the decline.
- BTC’s price has consolidated on the weekly chart over the past month.
- ETH’s price has consolidated over the past month as well.
Following eight months of continuous retracements in crypto prices, there are very few people in the community that would argue that this time period does not qualify as a bear market. Data published by blockchain analytics firm Santiment shows high mentions of peak bearishness happening after prices have fallen.
Bull vs bear market mentions (Source: Santiment)
The data from …
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