Odaily星球日报讯 Santiment 于 X 发文表示：“加密货币的进一步下跌使比特币的大众情绪跌至今年以来的最低点。交易员现在表现出严重的恐慌情绪，这对反向投资者来说是个好消息，因为他们知道市场走势与散户的预期相反。”

Santiment：市场进一步下跌使比特币投资情绪跌至年内低点

Odaily Odaily News Santiment wrote on X: &quot;The further decline of cryptocurrencies has brought Bitcoin&#39;s public sentiment to its lowest point this year. Traders are now showing serious panic, which is good news for contrarian investors because they know that the market trend is opposite to retail investors&#39; expectations.&quot;

Santiment: Further market declines push Bitcoin investment sentiment to year low

Odaily reports that the cryptocurrency market has been as unpredictable as a US government shutdown in recent days, with reports that the US government is about to shut down due to a stalemate in spending negotiations, which has historically affected the market in various ways. Due to the disillusionment of market participants in the short-term outlook, Arthur Hayes believes the cryptocurrency market will see a "dismal decline" around Trump's inauguration day, but the crypto community is holding its breath, anticipating that Trump's inauguration could trigger a legendary "God candle" trend (note: "God candle" refers to a sharp price increase within a single day that overshadows the surrounding market activity), suggesting that the current market lull is only a temporary calm, a bear market phase within a larger bull market cycle. If the US resolves its 2025 budget issue and Trump implements several Bitcoin-centric strategies to encourage the market, Bitcoin could see a massive recovery. However, the immediate price trend of Bitcoin remains unclear. Whether Trump's presidency will usher in the expected cryptocurrency market boom is still uncertain. (News.bitcoin)

Analysis: Community believes Bitcoin may see a sharp rise on Trump's inauguration day

Odaily reported that glassnode, in a post on X platform, stated, "Interestingly, as the market has grown, the severity of Bitcoin's drawdowns during the bull market uptrend has decreased. The deepest drawdown this cycle was -32% (August 5, 2024), while most corrections have been around 25% from the previous highs, reflecting the demand for spot ETFs and the growing institutional interest."

Glassnode: The bull market trend of Bitcoin has reduced its retracement degree, and most of the retracements are about 25%.

Odaily Odaily News reported that Edward Chin of Parataxis said, "The recent market downturn appears to be investors taking profits at the end of the year, and there are no fundamental factors that have triggered this sell-off." Due to reduced expectations of <CHR> rate cuts in 2025, some investors may be choosing to reduce their exposure and take profits. <Dai> Weston, head of research at Pepperstone Group, wrote in a report, "Technically speaking, caution is warranted in the short term. This does not mean we will see a price crash anytime soon, but the momentum of the rally has clearly weakened, and the buyers have lost their dominance and control of the market." (Bloomberg)