The last decline in the crypto currency market increased the desire to evaluate investors’ recruitment opportunities. Discussions on “recruitment ındaki on social media platforms have increased to the highest level since July. Bitcoin $86,724.40The fact that it went below $ 80,000 has led investors to make more analysis of the future of the market. Google Trends and social media data give different signals about the direction of the market. Experts call on investors to be careful.
What does social media and google data say?
According to the analysis of Santimement, the term ürme receiving from decline ”on social media platforms is being discussed intensively. X, Reddit and Telegram’da shares in this concept was found to peak between 25-26 February. This intense interest is seen as the highest bottom purchase signal of the last seven months.
Google Trends data reveals a similar table. Searches for the term “Receiving from Decline” fell rapidly after the summit on February 26th. This shows that investors tend to evaluate short -term opportunities. Searches for the word crypto currency continued to watch high in the same period.
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Experts say that social media data are not enough for investment. Santimement emphasizes that the enthusiasm of the investor may be misleading about the market direction. According to analyzes, the market usually moves in contrast to the expectation of the majority.
Bitcoin and Economic Factors
Bitcoin fell below $ 90,000 on February 25th. This decline took place after former US President Donald Trump announced that the 25 %tariffs to be applied to Canada and Mexico will continue. Then, due to an additional 10 %tariff threat to China and other economic uncertainties, Bitcoin fell below $ 80,000 on February 28th.
Santimement says that the interest of investors on the bottom purchase is not a correct entry signal. Emphasizing that markets are generally contrary to the expectation of the crowd, the platform states that the decrease in the enthusiasm of the investor can create a healthier environment for the opportunity to purchase. For this reason, investors are recommended to evaluate market movements from a wider perspective.
Investors are trying to interpret the movements in the crypto money market with social media and economic developments. However, experts say that it may be risky to make an investment decision based on social sensitivity data.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
