According to the survey, “down”, “buying” and “Federal Reserve” are hot topics on social media

In the past 7 days, the most popular words on cryptocurrency social media have been “down”, “buy” and “Federal Reserve”. In addition, despite the sharp surge on Tuesday, the term “sell” fell out of the top 10 hot topics on Thursday.

according to For the encrypted market data aggregator Santiment, social media users from Meta to Telegram to Twitter formed a chorus, and they all sang in the same hymn. “Dip” and “buy” are the first and third major trend words respectively, while “Federal Reserve” or Fed ranks sixth.

Behavioral analysis from the surveillance platform reveals the social volume of words on encrypted social media, which can indicate overall sentiment.It works similarly to the Crypto Fear and Greed Index, currently show 18 points, “Extreme Fear”.

With index and Some traders worry that the price per bitcoin is $30,000 (Bitcoin), social media buying sentiment remains strong.Still only one-third of 1,875 points Spikes December 4, 2021, when the price of BTC Flash crash to 42,000 USD.

Because around a Potential interest rate growth in 2022. Bitcoin bull market Vijay Boyapati is at a loss.In a tweet on Wednesday, he suggestion When the Fed “loses control over the bursting of the bubble that has expanded over the past decade,” BTC will fly.

related: Cardano becomes the most developed crypto project on GitHub in 2021 — Santiment

Strangely, the “sell” sentiment has soared Activity Tuesday. The selling call three days ago was as strong as those blaming investors for buying Santiment at 4,828 points on November 29, 2021.However, the bull market at the time Seems to be in full swing.

Overall, the cryptocurrency sentiment seems to be optimistic that the current market trend is just a decline. However, the topic of “bears” has risen from No. 10 on Thursday night to No. 8 on Friday.

With BTC price As low as 41,000 USD, There may be more volatility in the future.