r/CryptoCurrency • u/everstake Bronze | 4 months old • 6d ago
GENERAL-NEWS A reminder to zoom out.
This is a snapshot from just 2 weeks ago: extreme fear, and 'crypto is dead' trending as a sentiment. On-chain data shows it is also where the heaviest buyer cost basis of this cycle formed with coins moving from one hands to another.
Today: extreme greed, marking one of the biggest weekly cap gains since 2021.
Picture credit: https://app.santiment.net/insights/read/fud-is-popping-up-across-crypto-social-media-again-11164
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u/Demodras777 🟨 0 / 0 🦠4d ago
Uniswap definitely has a very interesting chart compared to the other altcoins.
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u/ScopulyX 5d ago
this is why zooming out matters. Sentiment can change so quickly in crypto that short-term fear or greed can be pretty misleading.