- Crypto market sentiment is showing extreme fear, the lowest since March, amid ongoing declines.
- Social media shows mixed bullish and bearish views on Bitcoin and Ethereum, with particularly low bullish sentiment for XRP.
- Declining sentiment is linked to macroeconomic concerns and the anticipated end of the US government shutdown.
- Experts highlight that weakened traders are selling, while long-term holders are accumulating crypto assets.
- This dynamic may set the stage for a potential market rebound in November, according to market analysts.
Crypto market indicators point to rising fear among traders, potentially leading to an unexpected rally in November. Social media sentiment reveals a balance of bullish and bearish opinions on Bitcoin (BTC), while Ethereum (ETH) has moderately higher bullish comments. In contrast, less than half of social media discussions about XRP are bullish, marking a notably fearful moment for the token, according to Santiment’s recent analysis.
Market sentiment remains subdued, influenced by various macroeconomic factors. As the US government shutdown nears its conclusion, traders are reportedly shifting toward assets with clearer exposure to economic policies and credit flows. The Crypto Fear & Greed Index registered a low score of 15 out of 100 on Thursday, indicating “extreme fear”—the weakest level since March—based on data from Alternative.me.
Joe Consorti, head of Bitcoin growth at trading protocol Horizon, noted on X that the current sentiment resembles conditions in 2022 when Bitcoin hovered around $18,000. Data from Glassnode supports this comparison.
According to Santiment, this growing pessimism might be advantageous for patient investors. When negative sentiment peaks, it often signals capitulation, where retail sellers exit, and key holders—often described as “diamond hands”—buy discounted coins, potentially driving prices higher. As Santiment explained, “Once retail sells off, key stakeholders scoop up the dropped coins and pump prices. It’s not a matter of if, but when this will next happen.”
Samson Mow, founder of Bitcoin infrastructure company Jan3, shared a related viewpoint, remarking on X that recent selling pressure mostly comes from buyers who entered in the last 12 to 18 months. These sellers are speculators responding to market news rather than holders with long-term conviction. Mow emphasized, “This cohort of sellers is also depleted, and HODLers with conviction have now taken their coins, which is always the best case scenario. 2026 is going to be a great year. Plan accordingly.”
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