Santiment writes that the bullish sentiment of the crowd is declining. Which slightly contradicts their analysis yesterday on the growth of sentiment “buy the bottom!”

But everything is relative. In their new analysis, they compare the degree of bullish sentiment in the crypto market in February and early April. And they see this picture:

“Social discussions related to the bull market peaked at 2,100 mentions per day in late February and averaged 650 in early April.”

Historically, a drop in bullish sentiment is more of a bullish signal. On the other hand, the rise of bullish sentiment in February should have pulled the market down, against the crowd. But this did not happen.

An important addition to this analytics #Santiment - according to #CryptoQuant , selling pressure #BTC is beginning to decline. This provides an opportunity for a rebound to develop or even a chance for a reversal.