Is it a sign of market capitulation or fading public interest? crypto
Blockchain data analytics firm Santiment suggests that the noticeable drop-offs could indicate markets nearing capitulation, a phase typically considered bullish."Look at these drop-offs as a sign that markets are getting closer to capitulation," tweeted the firm.
Interestingly, amidst the dwindling overall crypto discussions, a rise has been noted in the chatter around SEC's lawsuits against Binance and Coinbase. Traders and investors seem to be more interested in regulatory issues involving major crypto exchanges, indicating a shift in focus from the general hype surrounding digital currencies to the critical aspect of their legal standing.
This information, when aligned with the findings from Santiment, portrays a comprehensive picture of fading public enthusiasm in the crypto world, at least for now.The question remains whether this downturn will indeed yield the anticipated bullish market as suggested by Santiment.Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.
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