The Square is buzzing right now about “Crypto market sees $1.16 billion in liquidations in 24 hours” (226k views).
Discussion buzz is just a measure of attention. I look at three details:
Are opinions mostly in agreement or divided?
Is the topic just taking off, or is it everywhere?
Has the volume and price action for $BTC also picked up?
One-sided opinions combined with the topic being everywhere often mean sentiment is nearing an extreme; if people are still arguing and it’s just starting, there may be more momentum ahead.
$BTC is currently at 73512.87, down 2.1% over 24h. Worth keeping an eye on.
#BTC
Discussion buzz is just a measure of attention. I look at three details:
Are opinions mostly in agreement or divided?
Is the topic just taking off, or is it everywhere?
Has the volume and price action for $BTC also picked up?
One-sided opinions combined with the topic being everywhere often mean sentiment is nearing an extreme; if people are still arguing and it’s just starting, there may be more momentum ahead.
$BTC is currently at 73512.87, down 2.1% over 24h. Worth keeping an eye on.
#BTC
