Bitcoin, Ethereum, XRP Sentiment Turns Extremely Bearish In Crypto Market Crash
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Bitcoin, Ethereum, and XRP are experiencing significant price drops, leading to extreme bearish sentiment in the crypto market. Despite this, historical trends suggest that such widespread fear could precede short-term relief rallies. Analysts highlight the BTC/gold ratio as a critical indicator, with current momentum indicators suggesting a potential bounce. However, long-term holders remain inactive, indicating that true market capitulation has not yet occurred. Experts advise caution and recommend waiting for genuine apathy towards crypto before making investment decisions.
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