Add as a preferred source on GoogleBitcoin, Ether and XRP Draw More Bearish Than Bullish Social Comments
Bullish-to-bearish comment ratios were below 1:1 for all three assets. Persistent bearish discussion around larger-cap crypto assets could create conditions for a market rebound.
Bitcoin (BTC), Ether (ETH) and XRP each had more bearish than bullish comments in the latest social-media reading, showing a bearish tilt in discussion around all three assets.
The bullish-to-bearish comment ratios were 0.82:1 for BTC, 0.88:1 for ETH and 0.49:1 for XRP. A ratio below 1:1 means bearish comments outnumber bullish ones. The reading included X, Reddit and Telegram, among other platforms.
Retail sentiment was notably bearish. Continued bearish commentary, particularly around larger-cap crypto assets, could create conditions for a market rebound.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.