Рынок криптовалют может достичь дна: Настроения инвесторов на уровне паники Translation: Headline: The Crypto Market May Hit Bottom: Investor Sentiment at Panic Levels

Sentiments across social media have turned sharply negative, and the notion of «buying during a dip» is gradually fading—classic indicators that foreshadow a market reversal. This observation comes from analysts at Santiment.

«Exercise caution when you notice a broad consensus around a specific price bottom. True bottoms often form when the majority anticipates further declines,» experts cautioned.

The ratio of positive to negative comments regarding Bitcoin has reached its lowest point in the past month. As the price of Bitcoin decreases, its «dominance» on social media has surged to over 40%, making it the primary topic of «concerned discussions.»

According to researchers, the recent correction has not led to significant liquidations, and open interest in perpetual contracts has retained only a small fraction of October’s figures. This indicates that the market may have exhausted long positions with excessive leverage, hinting at a potential shift in momentum.

Although Bitcoin’s drop below the psychological threshold of $100,000 has triggered a wave of fear, some investors have identified the $90,000 mark as critical for them.

Santiment also noted a clear divergence in wallet behavior. Large holders (those with 10-10,000 BTC) have consistently sold coins since the historic peak in October. Meanwhile, smaller retail wallets (holding up to 10 BTC) continued to accumulate during the downturn.

«The true signal for a bottom will likely be the reversal of this trend,» the analysts added.

Simultaneously, the 30-day MVRV for Bitcoin has fallen to -10% for the first time in eight months. This suggests that short-term traders are realizing significant losses. Historically, such high stress among investors has aligned with low-risk buying zones.

Santiment pointed out that the significant outflow of funds from spot Bitcoin ETFs over the past week could also be a positive indicator for Bitcoin’s spot price.

«Large inflows of capital have often signaled local price peaks, while significant outflows have coincided with market lows, indicating panic among retail investors,» the analysts emphasized.

Additionally, CryptoQuant has reported the conclusion of panic selling in the cryptocurrency market. According to their data, losses for those who purchased Bitcoin in the past six months have approached 13%, a level that corresponds with capitulation signs.