The Square is buzzing today about “Bitcoin ETF net outflows of $412 million” (3,121 views).
The level of discussion itself is a sentiment indicator, but I pay more attention to three details:
Is the discussion one-sided, or are people arguing?
Is the topic just starting to gain traction, or is it everywhere?
Has trading volume for $BTC changed accordingly?
When opinions are too unanimous and the topic is everywhere, it often means the short-term price is nearing a peak; disagreement and a topic that's just gaining traction suggest more momentum ahead.
$BTC is currently at 76034.02, up 0.53% over 24 hours. Recommend adding it to your watchlist.
#BTC
The level of discussion itself is a sentiment indicator, but I pay more attention to three details:
Is the discussion one-sided, or are people arguing?
Is the topic just starting to gain traction, or is it everywhere?
Has trading volume for $BTC changed accordingly?
When opinions are too unanimous and the topic is everywhere, it often means the short-term price is nearing a peak; disagreement and a topic that's just gaining traction suggest more momentum ahead.
$BTC is currently at 76034.02, up 0.53% over 24 hours. Recommend adding it to your watchlist.
#BTC
