According to a report by crypto analytics platform Santiment, current social media discussion surrounding the "altseason" is at an extremely low level, reflecting weak market interest in Altcoin. However, the report points out that historically, periods of "altseason silence" often coincide with the start of a rebound. Santiment states that "altseason" discussions can generally be seen as a proxy for FOMO and greed in more speculative assets: high discussion levels often correspond to a market top, while low discussion levels often indicate that large funds are more likely to drive prices upward. The report also emphasizes that this indicator is not a perfect trading signal and does not constitute investment advice.
Santiment: Market discussion surrounding the "altseason" is at a low point; historically, such periods often precede market rallies.
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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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