Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Bitcoin in a bull trap? Santiment says one catalyst could trigger BTC to resume its upward trend and surge higher.
ALTCOIN NEWS

Bitcoin in a bull trap? Santiment says one catalyst could trigger BTC to resume its upward trend and surge higher.

By Crypto FlexsDecember 9, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin in a bull trap?  Santiment says one catalyst could trigger BTC to resume its upward trend and surge higher.
Share
Facebook Twitter LinkedIn Pinterest Email

Santiment, a prominent cryptocurrency analysis platform, says there is one indicator that Bitcoin (BTC) could be on the verge of another bull run.

Santiment says: Increase “Bull trap” mentions on social media platforms indicate the spread of fear, uncertainty and doubt (FUD) about the cryptocurrency market.

However, the market intelligence firm says that periods following an increase in FUD tend to lead to price surges for cryptocurrency assets, which could mean Bitcoin is on the verge of an uptick after the halt in its rally.

“Traders are currently fearful that the cryptocurrency market could fall into a bulltrap. But while Bitcoin may have stalled its momentum for the time being, Ethereum and altcoins are experiencing explosive growth once again. “Increasing FUD could push BTC to $50,000.”

Source: Santiment/X

Bitcoin is trading at $44,198 at the time of writing, up 1.7% in the last 24 hours.

Next, Sentiment Called Ethereum has more upside potential as the largest cryptocurrency whales holding ETH on exchanges increase their wallet sizes. According to the analytics firm, non-exchange Ethereum whales hold an all-time high of 54.6 million ETH worth $128.69 billion.

“Ethereum rose to $2,349, its highest level since June 2022. The long-term trend of the best non-exchange whale wallets getting richer and the best exchange whale wallets having less selling power is a promising combo that continues. climb.”

video
Source: Santiment/X

Ethereum is trading at $2,353 at the time of this writing, down slightly on the day.

Lastly, Santiment Called P2P payment network Litecoin could see a bullish trend reversal as wallets holding small amounts of LTC suddenly fall due to rising FUD.

“Approximately 199,000 wallets that held LTC 10 days ago no longer hold their coins. This is the biggest drop in wallets since October 2022. The market value of LTC relative to BTC is down -55% in 5 months, but FUD and small wallet declines could turn things around.”

video
Source: Santiment/X

Litecoin is trading at $78.21 at the time of writing, up 5.55% in the last 24 hours.

Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox

Check Price Action

follow us TwitterFacebook, Telegram

Daily Hodl Mix Surfing

Check out the latest news headlines

&nbsp

Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Image created: DALLE3

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025

Take Advantage Of BJMining’s Passive Income Opportunities As The XRP Ecosystem Rises

July 1, 2025

Circle is looking for a US Trust Bank Charter for USDC Reserve Management.

July 1, 2025

Hyra Network Honored As “Technology Startup Of The Year” At The 2025 Globee® Awards

July 1, 2025

Shheikh.io Launches SHHEIKH Token Presale For Blockchain-Backed Real‑World Asset Investments

June 30, 2025

What should I do with encryption?

June 30, 2025

AAS Miner Will Become The Top Free Cloud Mining Platform For Passive Income From Mining Cryptocurrencies Such As BTC And ETH In 2025

June 30, 2025

Bitcoin is integrated into less than $ 108,000, but the eyes are set for $ 115,000.

June 29, 2025

Etherrium price behavior is weakened-danger of short-term modifications

June 29, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Block3 Unveils Prompt-To-Game AI Engine As Presale Launches

July 1, 2025

$70M Committed To Boba Network As Foundation Concludes BOBA Token Agreement With FTX Recovery Trust

July 1, 2025

Limitless Raise $4m Strategic Funding, Launch Points Ahead Of TGE

July 1, 2025
Most Popular

Roundup Round III | Ethereum Foundation Blog

March 17, 2024

‘I probably FUD Solana the most out of anybody’

October 23, 2024

Cryptocurrency market surges with SOL momentum

May 16, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.