On-chain analysis platform Santiment made remarkable statements after the latest decline in the cryptocurrency market.
Santiment focused on the recent decline in Bitcoin and altcoins. By analysis company 11 December made on the day in sharingthe latest in the cryptocurrency market The fastest decline in 4 months It was emphasized that he was alive. Santiment described this decline optimistically as “correction” he described.
Santiment considers the recent decline as a sign of investors. bottom buying opportunity He stated that a FOMO was created by pointing out that it was seen as:
The cryptocurrency market’s fastest decline in the last 4 months has created an anxious atmosphere among some investors. Accordingly, declines were seen as an opportunity to buy the bottom and a serious buying FOMO occurred.
bitcoin, 04.00 – 05.00 in the morning CET experiencing serious activity in its waters $40,500 He wicked up to his levels. This decline in the market $400 million It led to the liquidation of the futures position. The main reason for this correction is 12 December US inflation data to be announced today and 13 December It is thought to be related to the US interest rate decision to be announced today.
According to CoinGecko data, in the last 24 hours 3% decrease living Bitcoin, at the time of writing from $42,385 is being traded.