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Santiment: Investors need to be wary of the "bottom consensus" trap; the true bottom usually forms when most people expect prices to continue to dip.

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On November 15, the encryption sentiment analysis platform Santiment pointed out that when many analysts and traders unanimously judge that the market has hit the bottom, the real bottom often does not form at that moment. Santiment stated in its report on Saturday: “When there is a broad consensus in the market on a specific bottom price level, caution is needed.” It also emphasized that “the real bottom often forms when most people expect prices to continue to dip.” The platform noted that after Bitcoin briefly fell below $95,000 on Friday alongside a broad decline in tech stocks, discussions on social media about “the market hitting the bottom” have become a trending topic. “This indicates that many traders believe the worst stage is over,” Santiment analyzed, but historically, such sentiments are often accompanied by further declines.

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