{"id":141745,"date":"2023-09-01T20:57:51","date_gmt":"2023-09-01T15:27:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=141745"},"modified":"2023-09-01T20:57:51","modified_gmt":"2023-09-01T15:27:51","slug":"crypto-price-rise-probability-soars-per-santiment-heres-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-price-rise-probability-soars-per-santiment-heres-why-crypto-news\/","title":{"rendered":"Crypto Price Rise Probability Soars, per Santiment, Here&#8217;s Why &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-img--wrapper\" href=\"https:\/\/u.today\/yuri-molchan\"><\/p>\n<p><\/a><\/p>\n<div class=\"article__lead-info\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__lead-name\" href=\"https:\/\/u.today\/yuri-molchan\">Yuri Molchan<\/a><\/p>\n<p>Recent report of Santiment gives crypto community hope for bear market reversal soon<\/p>\n<\/div>\n<\/div>\n<div>\n<div class=\"article__contents\">\n<p>Contents<\/p>\n<ul class=\"article__contents-list\">\n<li class=\"article__contents-item\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h20\">&#8220;Positive sign that crypto markets will rebound&#8221;<\/a><\/li>\n<li class=\"article__contents-item\"><a rel=\"nofollow noopener\" target=\"_blank\" class=\"article__contents-link link-pseudo\" href=\"#h31\">Bitcoin rebounds, driven by this factor<\/a><\/li>\n<\/ul>\n<\/div>\n<p lang=\"en-GB\">On-chain analytics company Santiment believes that what is currently called a bear market by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/bitcoin-btc-remains-above-key-level-analyst\">crypto traders<\/a> is likely to reverse soon, and crypto prices may U-turn.<\/p>\n<h2 id=\"h20\">&#8220;Positive sign that crypto markets will rebound&#8221;<\/h2>\n<p>Santiment tweeted that the main reason for the potential rebound of cryptocurrencies could be the fact that crypto traders now are showing FUD (an acronym meaning &#8220;fear, uncertainty, doubt&#8221; popular in the crypto space) and increasingly calling the current state of things a &#8220;bear market.&#8221;<\/p>\n<p>The Santiment team pointed out that, historically, big FUD shown by traders and other market players led to substantial price surges of crypto.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udc3b A positive sign that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> markets will rebound is the fact that traders are increasingly referring to current market conditions as a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/bearmarket?src=hash&amp;ref_src=twsrc%5Etfw\">#bearmarket<\/a>. Historically, when traders show <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/FUD?src=hash&amp;ref_src=twsrc%5Etfw\">#FUD<\/a>, the probability of price rises increases considerably. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jxENgl1nNz\">https:\/\/t.co\/jxENgl1nNz<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/K8W7uAotz6\">pic.twitter.com\/K8W7uAotz6<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1694520043252711671?ref_src=twsrc%5Etfw\">August 24, 2023<\/a><\/p><\/blockquote>\n<h2 id=\"h31\">Bitcoin rebounds, driven by this factor<\/h2>\n<p>Over the past 24 hours, the premier global cryptocurrency, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/u.today\/heres-why-bitcoin-btc-price-is-going-up\">Bitcoin, demonstrated a small rise<\/a> of 2.47%, going up from $25,831 to the $26,470 area, where it is trading now.<\/p>\n<p>According to a Santiment tweet published earlier today, this rebound of BTC can be attributed to recent accumulation by medium and large investors, known as sharks and whales on the market.<\/p>\n<p>Per Santiment, they have purchased cumulatively a whopping $308.6 million worth of Bitcoin over the past week. Now, there are 156,600 wallets out there that contain from 10 to 10,000 Bitcoins each.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udc33\ud83e\udd88 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> jumped back as high as $26.8K Wednesday as key whale &amp; shark addresses are now collectively adding to their stacks once again. There are currently 156,660 wallets holding 10 to 10,000 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>, and they have accumulated $308.6M since August 17th. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6vuJpHRTvD\">https:\/\/t.co\/6vuJpHRTvD<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vuNgEER2fZ\">pic.twitter.com\/vuNgEER2fZ<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/santimentfeed\/status\/1694496292934963414?ref_src=twsrc%5Etfw\">August 23, 2023<\/a><\/p><\/blockquote>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Yuri Molchan Recent report of Santiment gives crypto community hope for bear market reversal soon Contents &#8220;Positive sign that crypto markets will rebound&#8221; Bitcoin rebounds, driven by this factor On-chain analytics company Santiment believes that what is currently called a bear market by crypto traders is likely to reverse soon, and crypto prices may U-turn. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":141746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-141745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=141745"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141745\/revisions"}],"predecessor-version":[{"id":146862,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141745\/revisions\/146862"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/141746"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}