A new report shows diverging sentiment across the biggest cryptocurrencies, despite market-wide downturn fears.
Santiment, an on-chain analytics platform analyzed the top cryptocurrencies' based on social media trends over the past three months.
| Cryptocurrency | Price | Past 7-Day Gains | Crowd Sentiment |
| Bitcoin (CRYPTO: BTC) | $93,820 | -4.1% | 3/5 (Neutral) |
| Ethereum (CRYPTO: ETH) | $3,260 | -5.6% | 2/5 (Slightly Bearish) |
| Solana (CRYPTO: SOL) | $187.7 | -8.8% | 4/5 (Semi Bullish) |
| XRP (CRYPTO: XRP) | $2.3 | -4.3% | 4/5 (Slightly Bullish) |
| Binance Coin (CRYPTO: BNB) | $686.60 | -4.5% | 3/5 (Neutral) |
| Dogecoin (CRYPTO: DOGE) | $0.3211 | -4.7% | 1/5 (Bearish) |
Bitcoin: Crowd sentiment remains neutral following a Fed-induced price retrace on Dec. 20. Traders are waiting for a significant price move before committing to strong positions.
Ethereum: Momentum cooled after briefly reclaiming $4,000. Traders are cautious of a dip below $3,000, which could trigger panic selling and create buying opportunities.
XRP Ledger: XRP has outperformed peers with an 18% rally in early January, retaining bullish sentiment following its November-December surge.
Binance Coin: After a strong rally in November, BNB sentiment turned uncertain, particularly as it dropped below $700. Social media activity remains subdued unless significant price movements occur.
Solana: Despite a 25% decline over six weeks, Solana's community remains optimistic. Analysts suggest waiting for sentiment to fade further for better buying opportunities.
Dogecoin: Dogecoin has dropped 28% since its recent peak, experiencing minimal hype. Contrarian traders may see upside if broader markets turn bullish.
Statistics: Santiment noted that many wallets active in the last 30 days—including those holding BTC, ETH, Cardano (CRYPTO: ADA), DOGE,and other altcoins—are operating at a loss.
This suggests potential buying opportunities, as "blood in the streets" moments have historically led to profitable recoveries for seasoned traders.
While these signals point to a short- to mid-term recovery, they do not guarantee an immediate rebound.
Average trading returns are a great representation of whether 'buying low' or 'selling high' is actually the right timing. Currently, wallets active in the past 30 days are in negative range for BTC, ETH, ADA, and DOGE, and the vast majority of altcoins.
— Santiment (@santimentfeed) January 8, 2025
When MVRV's are... pic.twitter.com/Y8yEahhIft
Why It Matters: Diverging sentiment across major crypto assets underscores the importance of crowd psychology in market trends.
Extreme bearish sentiment often marks entry points for contrarian traders, while excessive euphoria signals caution.
Understanding these dynamics can help traders navigate volatile markets more effectively.
- 2025 Outlook: Bitcoin To $150,000, Ethereum To $5,500, Dogecoin Hits $1, Galaxy Research Predicts
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