Santiment Warns Against Unwarranted Crypto Market Bottom Optimism

Santiment raises concerns about the widespread optimism surrounding a crypto market bottom, highlighting potential inaccuracies in predictions based on historical trends. The firm’s report suggests genuine lows form amid continuing downturns rather than a consensus of anticipated peaks. Key insights from their recent analysis include: 1) Market bottoms often occur when pessimism is high, and 2) Institutional roles and DeFi liquidations indicate cautious market adjustments. Despite this cautionary stance, Santiment has observed increased skepticism in the crypto market, fueled by the absence of strong consensus on a bottoming out moment.