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Bitcoin surrender in sight? Crypto Analytics firm looks at sentiment among BTC traders for the month of December

Crypto Insights firm Santiment is researching the sentiment of BitcoinTraders to see if the leading crypto asset is about to bottom out.
The analytics firm tells its 119,200 Twitter followers that sentiment among Bitcoin traders has plummeted to levels not seen in three months, suggesting market participants have begun to capitulate.

“We are seeing signs of Bitcoin surrendering after prices stayed below $ 50,000 for the past six days and most of December. This is the most negative trader comment since the beginning of October, a good sign that prices can finally rise again after all the FUD (fear, uncertainty and doubt). “
Source: Santiment / Twitter
As for EthereumSantiment says the biggest ETH whales continue to amass the leading smart contract platform regardless of market conditions.

“Ethereum’s price is ~ $ 3,970 as whale behavior continues to play an important role. Billionaire addresses with 100,000 to 10 million ETH have amassed $ 5.58 billion [worth] of ETH (1.41 million coins) since October 1st, which has added 2.8% more to their pockets in the last ~ 2.5 months.
Bitcoin surrender in sight?  Crypto Analytics firm looks at sentiment among BTC traders for the month of December, Crypto Trading NewsSource: Santiment / Twitter
Santiment also watches the flow of Stablecoin I agree Tether (USDT) on crypto exchanges. According to the crypto-insights firm, investors are preparing dry powder amid the ongoing correction in the digital asset market.

“The share of tether stablecoins on the stock exchanges has risen to 22.5%, which is the highest level in over six months. This supply amounts to 8.99 billion US dollars, which indicates increasing purchasing power that is accumulating on the stock exchanges. “
Bitcoin surrender in sight?  Crypto Analytics firm looks at sentiment among BTC traders for the month of December, Crypto Trading NewsSource: Santiment / Twitter
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Source: Crypto News Deutsch

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