Inflation surges to 40-year high, replaces COVID-19 as top national concern
This sort of titles and news are amongst the most discussed in crypto social media today. Along with Fed, as seen in Social Trends.
This is how "inflation" related messages are dominating in chats last year (pale green BTC price in background):
And this is the same for "Fed":
What can we see here? 'inflation and 'fed' both spiked around BTC bottom in summer 2021.
And here we go now again.
In critical market turning points the topics of 'inflation' and 'fed' impact to the market could often be discussed a lot. Just like that cluster of attention in 21. One then another. Could also be just one, 'inflation' alone for example.
It's a pretty simple idea, the fact of something being actively discussed indicates that something significant can happen with market. In opposite direction to crowd expectations.
Charts used: https://app.santiment.net/s/7VLQI5n8