Examining Bitcoin one week after the crash | Santiment Weekly Pro Report

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Sep 14, 2021

Last week’s flash crash has left a big dent in Bitcoin’s road to recovery, with the top coin down -14% in the past 7 days.

At first, the retail sector reacted with vigor and a mountain of ‘buy the dip’ calls, but the mood has ostensibly shifted over the last few days.

On the network side, the crash has clearly had a strong impact on Bitcoin’s on-chain activity, with some signals more hopeful than others.

In Santiment’s weekly Pro report, we dive deep into Bitcoin’s latest social and on-chain data, and what it suggests about the current state of the crypto market:

Bulls in retreat?

According to data from over 1000 crypto social media channels, the retail consensus following the Tuesday crash was principally bullish. We see this outlined pretty clearly on two separate charts:

1. As Bitcoin crashed to

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Assets from this insight

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$ 48498.04

15.29%in last 7d