According to ChainCatcher, CryptoQuant analyst @Darkfost_Coc analyzed the market sentiment index (based on media articles, X platform data, and several other sentiment indicators), and the current market consensus has turned bearish.
@Darkfost_Coc believes that when a consensus is reached, the market often reverses, proving the majority wrong. This is illustrated in the charts during July to October 2024 and February to April 2025.
@Darkfost_Coc also stated that the "index pessimism" phase could last for some time, especially if the market enters a prolonged bear market. The market only entered this phase in early November, and although the indicator leans towards a bullish stance, caution and patience are crucial in a bear market environment.
