On November 10, Santiment warned, “Retail fear is reaching a boiling point as crypto tests major lows!” Its bullish-to-bearish commentary ratios stood at 0.82 for Bitcoin, 0.88 for Ethereum and 0.49 for XRP. These figures indicate 82, 88 and 49 positive comments, respectively, for every 100 negative comments.
Ethereum’s ratio reached 2.05 on October 13, illustrating deteriorating optimism. XRP’s reading also weakened from 0.67 on October 1. “Major cryptocurrency market rallies rarely begin when everyone expects one,” Santiment observed. However, sentiment alone cannot confirm recovery.
