Crypto could see an “unexpected November rally,” with the most recent indicators showing traders becoming increasingly anxious, which often ends in money shifting from weaker hands into long-term accumulators.
Social media comments on Bitcoin (BTC) are evenly bullish and bearish, while Ether (ETH) has just over 50% more bullish comments than bearish ones. Both are lower than usual, said Santiment in an X post on Wednesday.
At the identical time, lower than half of social media comments on XRP (XRP) are bullish, making it one in all the “scariest moments of 2025” for the token.
A sell-off could possibly be a positive for the market
Sentiment within the crypto market stays fearful as the general market continues to plunge. Analysts have attributed this to plenty of macroeconomic aspects, comparable to traders shifting to assets more exposed to economic policy and credit flows as the tip of the U.S. government shutdown approaches.
The Crypto Fear & Greed Index, which tracks overall market sentiment, hit a reading of 15 out of 100 on Thursday, marking “extreme fear,” its lowest rating since March.
Joe Consorti, head of Bitcoin growth at trading and liquidity protocol Horizon, said that overall sentiment amongst traders is at the identical level as in 2022, when Bitcoin was around $18,000, citing data from Glassnode.
Source: Joe Consorti
However, Santiment said the poor sentiment amongst traders could possibly be “excellent news for the patient” and trigger an “unexpected November rally” as there are more diamond hand holders waiting to snap up what weaker hands are selling.
“When the masses take a negative view of assets, especially the best market caps in crypto, that may be a signal that we’re reaching the purpose of capitulation,” Santiment said.
“Once retail sells out, key stakeholders pick up the dropped coins and costs skyrocket. It's not an issue of if, but when it will occur next.”
Samson Mow, the founding father of Bitcoin technology infrastructure company Jan3, who argued last week that the Bitcoin bull market has not yet begun, expressed an analogous opinion on Tuesday, claiming that “recent buyers” are the one ones selling and that traders with long-term holding plans are using this as a likelihood to place more crypto into their wallets.
Holders with conviction grab coins
Mow argues that the selling pressure is coming from individuals who have bought Bitcoin within the last 12 to 18 months and are taking profits because they fear the cycle has peaked.
“These are usually not first-conviction Bitcoin buyers, but slightly speculators following the news,” he said.
“This cohort of sellers can also be exhausted and committed HODLers have now taken their coins, which is at all times the most effective case scenario. 2026 goes to be a terrific yr. Plan accordingly.”
