2024-12-27 03:32:43

Bitcoin Erases Christmas Gains: Social Media Sentiment May Have Foreshadowed This

bitcoinist.com (nprofile…le2g)
https://pbs.twimg.com/media/Gfr_y1XXUAAvIkv?format=jpg&name=4096x4096
Bitcoin has crashed today, erasing the gains from the Christmas rally. Here’s how this may have been foreshadowed by social media sentiment. Social Media Users Got Too Hyped During Latest Bitcoin Rally On Christmas Day, Bitcoin came close to touching the $100,000 mark, but in the past day, the coin has seen a sharp reversal […]
https://bitcoinist.com/bitcoin-christmas-gains-social-media-foreshadowed/

Author Public Key

npub1mvlm9xukx5pek66dzt2muwkefhx3mzc4thlzt756n9h8dplrtk3qc52zuc

Show more details

Published at

2024-12-27 03:32:43

Kind type

1 Short Text Note

Event JSON

{ "id": "086defb0df670dc9e8a83dc6ce1fa4bd57d9c949f6398512d9d6d28d620a07af", "pubkey": "db3fb29b9635039b6b4d12d5be3ad94dcd1d8b155dfe25fa9a996e7687e35da2", "created_at": 1735270363, "kind": 1, "tags": [ [ "r", "https://bitcoinist.com/bitcoin-christmas-gains-social-media-foreshadowed/" ], [ "subject", "Bitcoin Erases Christmas Gains: Social Media Sentiment May Have Foreshadowed This" ], [ "published_at", "1735270226" ], [ "image", "https://pbs.twimg.com/media/Gfr_y1XXUAAvIkv?format=jpg\u0026amp;name=4096x4096" ], [ "p", "db3fb29b9635039b6b4d12d5be3ad94dcd1d8b155dfe25fa9a996e7687e35da2", "wss://articles.layer3.news" ], [ "imeta", "url https://pbs.twimg.com/media/Gfr_y1XXUAAvIkv?format=jpg\u0026amp;name=4096x4096" ], [ "t", "Technology:perspective" ], [ "summary", "The price of Bitcoin has plummeted in the past day, erasing the gains from the Christmas rally. Santiment's analysis of social media sentiment suggests that traders' excessive optimism may have contributed to the reversal. The firm's 'Social Dominance' metric tracks the percentage of social media discussions related to top cryptocurrencies, and a spike in bullish sentiment around the $110,000 price target may have indicated a contrary move was likely. This phenomenon has been observed twice earlier in the month, with both instances resulting in price declines." ] ], "content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqmvlm9xukx5pek66dzt2muwkefhx3mzc4thlzt756n9h8dplrtk3qmxle2g\nhttps://pbs.twimg.com/media/Gfr_y1XXUAAvIkv?format=jpg\u0026amp;name=4096x4096\nBitcoin has crashed today, erasing the gains from the Christmas rally. Here’s how this may have been foreshadowed by social media sentiment. Social Media Users Got Too Hyped During Latest Bitcoin Rally On Christmas Day, Bitcoin came close to touching the $100,000 mark, but in the past day, the coin has seen a sharp reversal […]\nhttps://bitcoinist.com/bitcoin-christmas-gains-social-media-foreshadowed/", "sig": "b8db017e1544c63a24dde5605af621ccd185ba4dc839fc7f123d9ee85fa5dcb7a84e07651cdd8359a4b3ac3b2ac6fe149414775b1d395baf3b99665897640607" }