Santiment has broken down how the recent action in the Bitcoin price may have been affected by the prevailing sentiment in the market.
Trends In Bitcoin Social Volume May Have Influenced The Price Recently
As the on-chain analytics firm Santiment explained, BTC generally moves in the direction the crowd isn’t expecting. The relevant indicator is the “social volume,” which measures the total number of social media text documents discussing a given term or topic.
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The social media text documents here refer to a collection of social media posts collected by Santiment that have been sourced from various popular platforms like Twitter, Reddit, and Telegram.
This indicator only checks whether a text document in this collection mentions the term at least once; posts with more than
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