Price Predictions From the Crowd? Do the Opposite!

While emotions are heightened during crypto's scariest week since the August 5, 2024 crash, a great signal has emerged. As the crowd continues to get it WRONG on Bitcoin's every ebb and flow, price predictions are providing some key alpha to traders. As Bitcoin sits in the mid-$80K's, this chart measures the frequency of mentions of $70K-$75K (lower than BTC's current levels) and $90K-$95K (higher than BTC's current levels).

As we can see in the screenshot, when traders are predicting Bitcoin is going higher, crypto markets go lower. When traders are predicting Bitcoin is going lower, crypto markets go lower. Follow along with this provided link to the Santiment chart, and you'll very likely identify when X, Reddit, Telegram, 4Chan, Bitcointalk, and Farcaster are beginning to lean too heavily bullish and bearish. Being a contrarian pays.