Bitcoin and altcoins have been experiencing sharp and sudden declines since October. These declines have disappointed investors who expected a rise in October and November, historically known as the bullish months.
Analyzing the latest market situation, Santiment stated that the cryptocurrency market could see an unexpected November rally amid recent indicators that investors are becoming increasingly fearful.
Santiment pointed to a possible upside, noting that this fear among investors often results in money shifting from weaker hands to long-term savers.
At this point, Santiment stated that investors’ interest in cryptocurrencies has decreased, which is actually good news.
Analyzing bullish and bearish comments for Bitcoin (BTC), Etheruem (ETH), and XRP, Santiment noted that social media comments about Bitcoin are evenly divided between bullish and bearish.
Noting that bullish and bearish comments for Ethereum are slightly more than 50% (both less than normal), Santiment said that less than half of the comments about XRP are bullish (indicating bullishness versus bearishness), making this one of the scariest moments of 2025 for XRP.
Stating that the cryptocurrency market sentiment is bearish and anxious, Santiment stated that when the community adopts a negative attitude towards assets with the highest market capitalizations, especially BTC, ETH, and XRP, this is capitulation.
Santiment recently said that fear is prevalent in the market, resulting in weak hands selling, but there are more diamond-handed investors waiting to buy.
In this context, when retail sales from weak hands stagnate, large investors pick up falling cryptocurrencies and drive up prices.
“When the crowd turns negative towards assets with the highest market caps, especially cryptocurrencies, it’s a sign that we’ve reached a point of capitulation. When retail sales stagnate, key stakeholders pick up the falling coins and drive up prices.”