Extreme FUD is Here... Will You Go Against the Crowd?
😰 With the Bybit hack sending shockwaves across crypto, along with worrisome news about $LIBRA and other contributing factors this week, the crowd is showing extreme FUD with Bitcoin plummeting.
According to sentiment scores, the crypto community's negativity is at the same bearish levels as the previous spots on February 17th and 18th just before prices bounced. Though nothing is a guarantee, and a major exchange hack can have a lasting impact on crowd perceptions, remember that markets virtually always move the opposite direction of retail traders' expectations. 👀
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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