Cryptographic merchants have become a more negative feeling and a deeper fear, uncertainty and doubt (FUD), according to the Ochain Santiment analysis platform, but analysts say that it is probably only temporary.
Santiment said in an X position on Tuesday that with the price of Bitcoin (BTC) falling and Altcoins through a period of setback, merchants have been talking more and more about the sale, the market is smaller or a bassist market.
He added that markets often “move opposite to the expectations of the crowd”, so the last “two weeks of FUD is an encouraging sign that this great return will never happen.”
The feeling of the cryptographic market fell to fear on Sunday and showed signs that investors temporarily retreated, according to Santiment.
The analysts told Cointelegraph that the negative feeling will probably happen soon, since the price of Bitcoin recovers and that a possible target cut in the United States is on the horizon.
US rate cutting catalyst. UU. For positivity
Some financial institutions and market analysts are projecting that the United States Federal Reserve will reduce interest rates at least twice in 2025.
Pav Sivernal, main market analyst at Australian Crypto Broker Swyftx, told Cointelegraph All Eyes now at the FED meeting next week, with a cut of any kind possibly “the next key catalyst for positivity.”
He added concerns about bond markets and work openings have caught market attention, and is only being emphasized with a “healthy correction” after leaving a very high feeling.
“We have an euphoria index model that clearly shows that the maximum of all BTC’s most recent times was the product of a foamy market,” said Sinkal.
“The 30 -day bitcoin rolling performance is negative and that suggests that we have already gone through a correction, which will have shaken many weak hands since we reached the top of $ 124,000.”
The rupture of $ 117K can convert the feeling of bitcoin bullish
The Crypto Fear & Greed index, which tracks the broadest feeling of the Crypto market, has been in “Neutral” since Monday after several days in “Fear” and registering an average “GARED” rating last month.
Charlie Sherry, Chief of Finance of the BTC Markets Crypto Exchange, told Cointelegraph that the merchant’s feeling tends to go extreme in both directions. When merchants incline strongly bassists, they can often mark the end of that movement instead of the beginning.
“If Bitcoin claims $ 117,000, I think the feeling would return quickly; we have already seen early signs of that in Bitcoin’s recent rebound to current levels,” said Sherry.
“Bitcoin has broken the barrier of $ 100,000 and now there is a matter of” What follows? “$ 200,000 is the next main objective of time frame, but that certainly seems very far, as long as prices, so there is more short -term uncertainty.”
Another factor that could put the feeling positive again are cryptographic treasure bonds, which have caused companies in a race to accumulate more cryptography.
In one of the last cases, the design and manufacturing firm Forward Industries said on Monday that he had assured $ 1.65 billion in cash and Stablecoins to launch a Solana -centered treasury strategy (Sun).
Related: How to read the feeling of the market with Chatgpt and Grok before reviewing a graphic
“There is the rising potential in the Solana treasure
Most cautious merchants in September
Meanwhile, the co -founder and investment director of ZX Squared Capital, CK Zheng, told Cointelegraph that September, on average, has historically been the “worst in terms of capital performance. Therefore, people naturally tend to be more cautious.”
However, he also believes that the negative feeling of the merchant is only temporary and a change will depend on factors such as the consumer price index, the producer’s price index and how much impact the rates of the president of the United States, Donald Trump have.
In the past, Trump announced tariffs on a series of countries, which have abolished cryptography prices and caused greater losses when implemented.
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