Santiment: BTC, ETH prices tend to move opposite social media sentiment

Bitcoin and Ethereum prices tend to move in the opposite direction of prevailing retail investor sentiment on social media, according to an analysis by crypto social data firm Santiment. The firm noted a historical pattern where prices for the two largest cryptocurrencies have typically fallen when social media sentiment is bullish and risen when it is bearish. Santiment added that this pattern has held true for various investment strategies, including swing trading as well as long- and short-term investing.