The post FUD Takes Over Crypto Social Media in Retail Selloff: Santiment  appeared on BitcoinEthereumNews.com. Home » Crypto News Fear, uncertainty, and doubt The post FUD Takes Over Crypto Social Media in Retail Selloff: Santiment  appeared on BitcoinEthereumNews.com. Home » Crypto News Fear, uncertainty, and doubt

FUD Takes Over Crypto Social Media in Retail Selloff: Santiment

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Fear, uncertainty, and doubt have again taken over crypto social media following a bout of panic selling from weak-handed retail traders. 

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Summarize with AI


Summarize with AI

“FUD has taken over social media,” following Bitcoin’s 16% fall over the past week, said blockchain analytics firm Santiment on Monday.

The crash was “a result of retail selling their bags,” it stated before adding that “this is more proof that markets move in the opposite direction of the crowd’s narratives.”

Crypto markets tanked 19% in November, with $680 billion exiting the space. Comparatively, the recent crash has been shallower, with a 14% slide and a $440 billion exodus, but it has sent markets back to April 2025 lows.

A Relief Rally In Sight?

However, there have been few signs of recovery yet, with Bitcoin still trading at nine-month lows around $78,000 and Ether obliterated at bear market lows around $2,300.

CryptoQuant analyst ‘Darkfost’ blamed the record October leverage flush, saying that the event “is really the one that pushed BTC into a bear market.”

Analyst ‘Sykodelic’ was bullish, noting that the expansion in this week’s manufacturing PMI data is a positive sign for the economy.

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Bitcoin at Big Support Level

“Big support level at $74K, which will be the main thing to watch in the week(s) ahead,” said analyst ‘Daan Crypto Trades.’ Sweeps would be okay, but closes below that point would “spell further trouble,” he added.

BTC was trading at $78,500 at the time of writing, down 11% on the week and 10% since the beginning of the year.

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Source: https://cryptopotato.com/fud-takes-over-crypto-social-media-in-retail-selloff-santiment/

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