Trader Bullishness Score: 60 (20.0% 24h Δ)
Let’s dive into the ct traders’ market outlook over the past 24h.
@SalsaTekila believes that even with a potential correction to 30k for Bitcoin, it’s not worth selling if the upside potential could see it reach 180k. Essentially, bullish on Bitcoin’s long-term growth despite acknowledgment of correction risks.
@CryptoDonAlt notes that the current state of the altcoin market resembles a bear market, while BTC looks like it’s merely consolidating after its surge, hinting at some bearish sentiment for altcoins but more neutral for BTC.
@RunnerXBT conveys a bearish tone on altcoins, describing them as overvalued and suggesting a “ponzi market.” He also differentiates between BTC & ETH holders versus other altcoin holders, seemingly aligning more with the former.
@crypto_iso strikes a cautionary tone, implying Ethereum needs to bounce soon or the market could turn ugly – indicating a lean towards bearishness without a positive price action.
@Pentosh1 wavers between mockery and reality-checks, pointing to vast changes in the market since DeFi’s emergence. His tweets oscillate between humor and the harsh truth that not all crypto investments will succeed.
Overall, the ct traders express a mixture of cautious optimism for Bitcoin, with SalsaTekila highlighting its potential for significant growth. On the flip side, there’s noticeable skepticism and bearishness towards altcoins, as echoed by CryptoDonAlt and RunnerXBT. Most anticipate potential volatility and a select few like crypto_iso signal possible downturns if certain cryptocurrencies don’t recover soon.
Give us a follow on twitter. We drop trader sentiment as a thread every single day.
