Institution: Cryptocurrency Market Sentiment Low, Potentially Triggering This Month's "Unexpected Rebound"

On November 13th, the cryptocurrency market analysis firm Santiment released a post indicating that with the continuous heating up of traders' fear sentiment, the cryptocurrency market may experience an "unexpected rebound" in November. Historical data demonstrates that when there is widespread market panic, funds tend to flow from "weak hands" to long-term holders (that is, "diamond hands"), thereby building momentum for a rebound. Santiment believes that this worsening sentiment may actually be "good news for patient investors." As more panic selling occurs in the market, long-term holders take the opportunity to accumulate. "When the general public turns negative on an asset, especially the most valuable cryptocurrency, it often means that the market is approaching a capitulation point." "Once retail investors sell off, key holders will take the opportunity to absorb the dip and drive up the price. It's not a matter of 'if it will happen' but only 'when it will happen'." Santiment's data shows that the overall sentiment on social media regarding cryptocurrency assets is declining, but this is actually a typical contrarian signal.