Key Notes

Santiment says that the current market recovery might be a trap.

The crypto market has lost over $900 billion of its value over the past month.

Recent ETF outflows and lack of extreme short pressure make this rebound look shaky.

Just a few days after Bitcoin’s BTC $87 390 24h volatility: 0.5% Market cap: $1.75 T Vol. 24h: $64.07 B dip to the $80,000 mark and reclaiming $88,000, bullish voices are calling it a bottom.

New analysis from Santiment, however, shows that the shaky sentiment, weak on-chain activity, and cautious market data may mean the real floor has not yet been found.

On Nov. 21, the BTC price fell to a local low of $80,659, but the asset soon gained momentum and touched $89,000 on Nov. 25. Following the rebound, the crypto communi

See Full Page