Bitcoin, Ethereum investors suffer as bearish sentiment takes hold

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Bitcoin, Ethereum investors grow increasingly cautious. Will the bears continue to rake in the profits or is a reversal on the rise?

AMBCrypto’s analysis of Santiment’s data revealed that the bearish sentiment across the crypto sector was on the rise.According to the data, there’s been a dramatic plunge in bullish sentiment across online forums like X, Reddit, Telegram, 4Chan, and BitcoinTalk.

The selling pressure might eventually wane, leading to a period of consolidation and potentially a market bottom for BTC and ETH.At press time, BTC was trading at $61,361.69 and its price had fallen by 0.67% in the last 24 hours.

 

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