Analysis: Poor retail sentiment could be bullish for Bitcoin

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According to ChainCatcher and Cryptodnes, the blockchain intelligence platform Santiment states that retail investors' sentiment is deteriorating, which could have a positive impact on Bitcoin.

Although retail investors' sentiment may have a short-term impact on the market, analysts believe that this sentiment shift could signal a potential rebound in Bitcoin prices. This sentiment change may be related to the market's perception of Bitcoin's long-term investment value, especially in the context of increasing institutional investor demand.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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