Surveying Bitcoin at the end of Q3 | Santiment Weekly Pro Report
After a full week of price ranging and the latest regulatory scare from China, the mainstream Bitcoin sentiment seems to be (finally) turning dark.
At the same time, the weekend has seen some major anomalies in Bitcoin’s on-chain data, with significant spikes in age consumed, ‘whale’ holdings and (potentially) exchange inflow.
What does it all mean for Bitcoin as we enter into the fourth quarter of 2021?
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:
Euphoria dampens
The initial excitement of many retail traders at the prospect of buying this Bitcon dip may now be giving way to a more distressed narrative.
This, at least, is what the text data from over 1000 crypto-related social channels seems to suggest. Based on
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