[Analysis] "Crypto Market Faces Further Decline, Investor Sentiment at Lowest... A Contrarian Signal?"

Image = Santiment X Capture

The cryptocurrency market is showing a downward trend, and there is analysis suggesting that investor sentiment is freezing.

On the 22nd, cryptocurrency data analysis firm Santiment stated on X (formerly Twitter) that "due to the further decline in the cryptocurrency market, public sentiment towards Bitcoin (BTC) has reached the most negative level this year."

Santiment added, "Meanwhile, there is significant FUD (Fear, Uncertainty, Doubt) among active traders," noting that "for contrarian investors who know the market tends to move opposite to the expectations of retail investors, this could be a positive signal."