Santiment Cautions That Market Low May Occur Unexpectedly

Crypto sentiment platform Santiment is advising traders to be cautious about presuming that the market has reached its lowest point, indicating that widespread belief in a bottom often precedes additional declines.

Key Takeaways:

• Santiment cautions that increasing sentiment around the idea that the “bottom is in” frequently indicates further downside, highlighting that discussions around Bitcoin have become more fearful.
• Bitcoin’s social dominance has risen above 40% as positive sentiment reaches a one-month low.
• In light of $1.17 billion in recent ETF outflows, Santiment notes that such outflows have historically coincided with market bottoms.

“Exercise caution when a broad consensus emerges regarding a specific price bottom,” the firm stated in a report released on Saturday, adding that “true bottoms typically occur when the majority anticipates further price declines.”

This warning follows Bitcoin’s brief dip below $95,000 on Friday amid a wider technology-driven sell-off.

Santiment: “Worst Is Over” Chatter Indicates More Downside Ahead

Santiment observed an increase in social media discussions claiming that the worst is behind us, a signal it interprets as often indicating the contrary.

Historically, the tendency to call a bottom tends to spike when psychological barriers, such as Bitcoin falling below $100,000, are crossed.

The firm noted that Bitcoin’s ratio of positive to negative comments is currently at its lowest level in over a month, with “social dominance” climbing above 40%.

“As Bitcoin’s price declined, its social dominance surged past 40%, indicating it is the primary subject of a very anxious conversation,” the report stated.

Some market participants associated the price drop with Strategy chairman Michael Saylor, as mentions of “Saylor” increased significantly during the decline.

#Bitcoin
Bottom is in. pic.twitter.com/YmlHq7flr0

— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 (@el_crypto_prof) November 14, 2025

During a CNBC appearance, Saylor refuted rumors that the company had been liquidating any of its Bitcoin holdings.

Santiment also suggested that the recent spot Bitcoin ETF outflows, totaling $1.17 billion over the last three trading days, could ultimately be bullish.

“Significant ETF inflows have frequently marked local price peaks, while substantial outflows have coincided with market bottoms, indicating retail panic,” the firm stated. On Thursday alone, there were $866 million in net outflows, marking the second-worst day on record.

The decline in sentiment has caused the Crypto Fear & Greed Index to drop to an “Extreme Fear” score of 10, its lowest since February 27.

Bitcoin Stalls Below $96K, But Analysts Say This Drop Looks Milder

Bitcoin has faced challenges in regaining the $96,000 mark following Friday’s steep decline, mirroring similar conditions observed earlier in the year when the asset fell from $102,000 to $84,000.

However, some analysts perceive the current situation as less severe than past downturns.

Bitwise’s European head of research, Andre Dragosh, remarked that the current scenario “isn’t as dire” compared to earlier corrections, noting that Bitwise’s sentiment index is displaying a “positive divergence.”

UPDATE: Our Cryptoasset Sentiment Index also continues to show a positive divergence.
Read: Sentiment index is bearish but less so than during previous corrections despite lower prices.
Sellers are exhausted and it shows. https://t.co/GYl5Ytc5zR pic.twitter.com/XxSeuo5Ewb

— André Dragosch, PhD (@Andre_Dragosch) November 14, 2025

Wider macroeconomic uncertainty continues to impact crypto markets. While President Donald Trump recently enacted a bill concluding the longest government shutdown in US history, an event some traders attributed to increased volatility, focus has now shifted to the Federal Reserve’s upcoming rate decision.

Despite the negative sentiment, some analysts identify constructive signals on the charts. NorthmanTrader founder Sven Henrich pointed to a “falling wedge” pattern and “positive divergence,” describing it as “potentially positive” for Bitcoin bulls.

Others highlight a notable gap between sentiment and fundamentals.

Messari research manager “DRXL” stated that in eight years in the industry, he has never encountered “such dissonance between the headlines and the sentiment,” adding, “Everything we once aspired to is occurring, yet it somehow feels… over.”

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