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When everyone is in despair, has the bottom really come?
Recently, there has been a sentiment circulating in cryptocurrency community tweets: "The market seems to have bottomed out; it’s impossible for everyone to be bearish and for us to actually enter a bear market." This optimistic sentiment based on the "contrarian indicator" perfectly reflects the collective confusion in the current market—fear and hope intertwine, bearishness and bottom-fishing coexist.
But the real bottom is never judged by "feelings." Let's remove the emotional filter and see what the data says.
The phrase "consens
View OriginalRecently, there has been a sentiment circulating in cryptocurrency community tweets: "The market seems to have bottomed out; it’s impossible for everyone to be bearish and for us to actually enter a bear market." This optimistic sentiment based on the "contrarian indicator" perfectly reflects the collective confusion in the current market—fear and hope intertwine, bearishness and bottom-fishing coexist.
But the real bottom is never judged by "feelings." Let's remove the emotional filter and see what the data says.
The phrase "consens
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When many people are still expressing the view that it may have hit the bottom, it indicates that we are far from seeing the bottom.:Load More
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