Think Bitcoin Bottomed? Santiment Data Says Think Again

Just a few days after Bitcoin’s dip to the $80,000 mark and reclaiming $88,000, bullish voices are calling it a bottom. New analysis from Santiment, however, shows that the shaky sentiment, weak on-chain activity, and cautious market data may mean the real floor has not yet been found. On Nov. 21, the BTC price fell to a local low of $80,659, but the asset soon gained momentum and touched $89,000 on Nov. 25. Following the rebound, the crypto community started calling it the market bottom, according to an ...