Be Cautious of Crowd's High Optimism and Assumptions of a New Bull Run
With a very bullish week of crypto transitioning into weekend mode, @santimentfeed has picked up a very bullish crowd sentiment spike. Understandably, the crowd
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With a very bullish week of crypto transitioning into weekend mode, @santimentfeed
has picked up a very bullish crowd sentiment spike. Understandably, the crowd has reason to be optimistic about Bitcoin & others continuing to rise after the Fed's first rate cuts in 4.5 years. But take more caution than usual while we see social media creating such a highly unanimous optimistic (vs. pessimistic) narrative. Cryptocurrency markets nearly always move the opposite direction of the mainstream crowd's expectations.
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