Bitcoin (BTC) and cryptocurrencies After the inflation data announced yesterday in the USA, it could not continue its short-term gains.
The fact that inflation was higher than expected caused a decline in the crypto market, especially in Bitcoin.
Popular on-chain data analytics provider assessing this decline and investor interest in the market centiment, BTC more investors bitcoin He said he was looking for a possible bottom that could trigger his buyout.
Analyzing the behavior of Bitcoin investors, Santiment noted that investors’ interest in buying BTC remained low compared to when the BTC price was high.
“After yesterday’s big drop, crypto investors are showing signs of numbness to the market spikes amid fears about inflation.
Investor interest in buying Bitcoin is currently at a very low rate compared to when prices rose 3 days ago, indicative of the FUD experienced.”
Santiment’s post that investors’ interest in buying has plummeted indicates that investors are waiting for more drops in Bitcoin’s price and possible other bottoms to buy.
After a sharp decline in the US inflation data bitcoin It is trading at $20,265 at the time of writing, down 6.4% in the last 24 hours.
🤷 After yesterday’s big drop, #crypto traders are showing signs of being a bit numb to sudden drops from #inflation-related scars. The amount of interest in #buying is notably small now compared to when prices were rising 3 days ago, indicative of #FUD. https://t.co/bHddyXzWlc pic.twitter.com/IimPRPl87R
— Santiment (@santimentfeed) September 14, 2022
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