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\n\t\t\t\t\t\t\t\t\tCrypto traders are becoming increasingly bearish, but history suggests that widespread fear can sometimes create opportunities for a market-wide recovery.\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Retail sentiment around some of the top crypto assets has taken a sharp bearish turn as the market tests major lows, according to Santiment.<\/p>\n
Data from social platforms shows Bitcoin recording 0.82 bullish comments for every bearish one, while Ethereum stands at 0.88. XRP looks even weaker, with the ratio falling to just 0.49.<\/p>\n
But this widespread pessimism may not be entirely bad news. Santiment explained<\/a> that extreme retail fear can create conditions for a market rebound, as major rallies often begin when traders are doubtful, and sentiment is heavily tilted toward the bears.<\/p>\n \u201cIf we continue to see bearish commentary outweigh bullish commentary, especially for top caps, prices will inevitably see a strong relief rally.\u201d<\/p>\n<\/blockquote>\n Not everyone is convinced that the current weakness could lead to a recovery. Crypto Patel, for instance, has turned<\/a> bearish on Bitcoin after the price broke below the $74,914 higher-timeframe (HTF) inducement level. According to the analyst, this breakdown confirms a bearish shift in the immediate market structure. He now sees the crypto asset potentially heading toward the $65,500-$62,500 range, where buyers could step in and absorb selling pressure.<\/p>\n Meanwhile, whales are taking different positions as the market downturn continues. Ali Martinez found<\/a> that large holders of Bitcoin and Ethereum have been selling. But XRP whales appear to be moving in the opposite direction. As Bitcoin dropped<\/a> from $79,000 to below $73,000 over the past week, large holders offloaded more than 34,000 BTC, worth roughly $2.6 billion.<\/p>\n Ethereum whales also reduced their holdings by around 17,800 ETH, worth approximately $40 million. XRP, however, saw an accumulation<\/a> of 65.32 million tokens worth nearly $72 million over four days.<\/p>\n \u201cThe wallets I\u2019m watching show distribution in BTC and ETH, while XRP whales are buying.\u201d<\/p>\n<\/blockquote>\n Crypto investment products for these assets are still struggling to attract money. Bitcoin ETFs saw another $95 million leave the market, adding to Monday\u2019s $201.08 million outflow. Ethereum funds lost a smaller $1.32 million after seeing $184.51 million in withdrawals a day earlier. XRP ETFs also remained under pressure and lost $7.62 million on Tuesday.<\/p>\n November has been rough so far, with total outflows reaching $1.58 billion for Bitcoin, $551.10 million for Ethereum, and $18.57 million for XRP.<\/p>\n\n
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Rough Days For ETFs<\/h2>\n
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