How ‘deep’ is the latest market pullback? (Santiment Weekly Pro report)

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Ibis
Dec 12, 2020

It’s been a wholly disappointing couple of weeks for crypto, as BTC lost -7.3% since the start of the month, prompting a wholesale, market-wide pullback.


And as Bitcoin’s ATH hopes continue to subside, a new question comes to the forefront - how ‘deep’ is the latest market correction?


In search for an answer, we take a deep look at the latest on-chain, social and fundamental data for Bitcoin, Ethereum and a number of popular ETH-based altcoins. It’s all here, in our weekly pro report:


As FOMO falters, bearish narratives take hold


If there’s one thing we can take away from last week’s worth of data, it’s that the ATH hype and overwhelmingly bullish sentiment present throughout the November rally is now dead and gone.


This ongoing shift in market-wide narrative seems to permeate multiple sources of information, including social, on

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Assets from this insight

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BitcoinBTC

$ 37094.34

5.83%in last 7d
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