In spite of a 60 percent Bitcoin (BTC) price rout, crypto Twitter remains upbeat. This is according to a behavior analytics platform Santiment that analyzes countless cryptocurrency-related posts on different social media platforms to help investors get an overall feel of the market.
The last three months have understandably seen the sentiment of #crypto drop significantly, as prices surged to $10,300 and fell all the way below $4,000 during Black Thursday. However, on Twitter at least, our social graphs on are tracking that positive sentiment has remained
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The bulls are unfazed
After the historic price plunge that happened on March 12, there was a strong uptick in both positive and negative sentiments. While permabears in the likes of Peter Schiff and Nouriel Roubini were having their field day, some bulls saw this as an opportunity to stack more sats at a discount.
Digital Currency Group Barry Silbert tweeted that he was buying more BTC since it was exactly why it was created.
The 'crypto king' wasn't alone. As reported by U.Today, 'buy Bitcoin' Google searches recently spiked to an eight-month high, outperforming gold.
Beyond crypto Twitter
However, Santiment also mentioned that people outside of crypto Twitter were less enthusiastic about crypto. Negative sentiment has been prevailing on both Discord and Reddit since 'Black Thursday.'
The last three months have understandably seen the sentiment of #crypto drop significantly, as prices surged to $10,300 and fell all the way below $4,000 during Black Thursday. However, on Twitter at least, our social graphs on are tracking that positive sentiment has remained
well above negative sentiment despite of the volatility being caused by this pandemic. Other platforms, as we can see on graphs.santiment.net/social, are a bit more negative right now. $BTC and other projects can show a clear buy signal when negative keywords are overtaking positive
See Santiment's other Tweets
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