Santiment: Bottom-hunting sentiment has reached a new high since July last year, but it is recommended to bottom-hunt after the sentiment subsides.

Odaily Planet Daily News According to Santiment analysis, discussions on "bottom-fishing" cryptocurrencies on social media surged between February 25 and 26, reaching a new high since July last year. Especially after the price of Bitcoin fell below $80,000, investor confidence was high. However, Santiment warned that this surge in interest does not necessarily mean that the market bottom has arrived, but may mean that the market is moving in the opposite direction of expectations. Santiment suggested that investors should wait for market sentiment to cool down, believing that the real "bottom-fishing" opportunity will appear when market sentiment subsides. At the same time, Google Trends data shows that searches related to "bottom-fishing" have fallen after reaching a peak on February 26. (Cointelegraph)