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🐋 WHALE WATCH : Looking at the current BTC sentiment I find it more noteworthy than scary.
Bearish + Very Bearish is taking up as much as 51% while Bullish + Very Bullish is only 28%. Neutral is 22%.
Personally I usually don't like FOMO when the majority is overly optimistic. On the contrary when sentiment tilts strongly toward pessimism like this I start paying more attention.
Of course bad sentiment doesnt mean BTC will bounce right away. But the market often has a familiar trick: when the majority has mentally prepared for a downside scenario the price chooses to make things difficult for the crowd.
Im still leaning toward observing and waiting for confirmation rather than rushing to short.
Which side are you guys on right now: Bull or Bear ?