Nothing But a Quick FOMO Bull Trap? Sentiment Data Suggests This...

📈 As today's markets have rallied, social data indicated there was a huge surge in positive sentiment as Bitcoin's price was threatening to fall below $65K. Over the next 2 hours and 20 minutes,$BTC rallied +7% and reached $69.9K before running into$70K resistance for the time being.

🌏 This indicates that this rally may have been a short-term, retail driven pump. Discourse is heavily invested in the Iran, Israel, and US conflict currently, so expect volatile movement based on any notable updates with the developments.

🤑 Ultimately, crypto will see the biggest sustained rallies when the crowd turns mostly negative and panic sells/capitulates. Monitor this helpful Santiment chart to tap into the FOMO & FUD levels for any asset!

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