On latest BTC fundamentals and the push to $14k (Santiment Weekly Pro report)
It’s been just over 7 days since Bitcoin breached $13k, a week marked with (expectedly) choppy price action and frequent, day-to-day shifts in market sentiment.
With the U.S. election right around the corner and the third wave of Covid-19 sweeping the globe, we wanted to take a deep look at the recent behavior of key Bitcoin stakeholders, and analyze the top coin’s on-chain and social activity since the $13k push.
BTC’s Social Activity Tapers Off
We have seen major jolts in Bitcoin’s social activity over the last 10 days, suggesting an initial surge in community interest and bullish sentiment as BTC began to rally, followed by a gradual and ongoing normalization since.
Based on text data from 1000+ channels, the amount of Bitcoin-related mentions on crypto social media ballooned to a 3-month high on October 21st, as BTC broke $12,000
There’s more of this Insight
Choose your subscription plan
Years of market experience, compressed in each report
Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.
Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.
Our previous TOP calls:WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
What you get with Sanbase Pro:
- Members-only daily market insights and analysis
- 30+ on-chain, social & project indicators for 900 cryptocurrencies
- Custom alerts for the coins' price, on-chain & social trends
- Santiment Spreadsheet plugin with 10+ pre-made market templates
- Personalized asset watchlists and weekly performance reports
Gain unfair advantage with Sanbase Pro
Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!