Is Plus Token in charge of bloody Thursday?

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garry
Aug 16, 2019

It was a bloody Thursday for market yesterday.

Capitalization dropped from around 282B to 253B USD, it's -10% during one day.

Social volume of this set of words (bounce or buy or dip or bottom):

A couple of observations here:

  1. Yesterday's spike was relatively small (~3k mentions, where the top was ~9k)
  2. No spikes correlate with real bottoms on this 6 months timeframe. More like opposite. Shall we go lower?

Fear and Greed index showed extreme fear yesterday:

There is a hypothesis that current market dump explanation may be somewhere around this topic:

Is it noticeable? Let's see:

Absolutely noticeable

Diving into the social buzz:

So shall we go lower?

Assets from this insight

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BitcoinBTC

$ 7267.73

0.34%in last 7d