{"id":121205,"date":"2020-11-27T02:00:00","date_gmt":"2020-11-26T23:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cointelegraph-consulting-overwhelming-bullish-sentiment-once-again-proves-costly\/"},"modified":"2020-11-27T02:00:00","modified_gmt":"2020-11-26T23:00:00","slug":"cointelegraph-consulting-overwhelming-bullish-sentiment-once-again-proves-costly","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cointelegraph-consulting-overwhelming-bullish-sentiment-once-again-proves-costly\/","title":{"rendered":"# Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly"},"content":{"rendered":"<p>&#8220;<strong># Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTEvMWE2OGVhMTQtZWJlZi00ODkyLWIxODEtZDY1YzM0YTUyODJmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>According to data collected from 1000+ crypto <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> channels, the average crowd <em>sentiment <\/em>towards Bitcoin adapted from <strong>slightly bullish <\/strong>to<strong> overwhelmingly bullish o<\/strong>ver the days leading up to Thursday\u2019s dramatic pullback, mirroring the levels previously observed during its May and August price tops, respectively.\u00a0<\/p>\n<p>The latest findings by <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/santiment.net\/\">Santiment<\/a>, published in Cointelegraph Consulting\u2019s biweekly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter, indicated that with both short-term and long-term Bitcoin holders in a position of +15% and +63% profit, the likelihood of profit-taking became high. To make matters more ominous, the funding rate on Bitcoin\u2019s derivatives market was at a three month high on Bitmex, Kraken, and Binance. The funding rate is the price paid by one side of perpetual contracts to the other, helping to keep the price of contracts trading close to the underlying reference price. A large funding rate is a sign that there is a large increase in long predictions on the exchanges, which can accelerate the frequency of mass-liquidations in the event of a price correction.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"consulting_newsletter\"><\/template>Other news from around the legislative and enterprise blockchain world showed fashion is becoming a target for blockchain solutions with VeChain powering a streetwear collection and IBM reaching a partnership with a textile giant. Japanese financial giant SBI announced their Bitcoin lending service, showing that the DeFi lending trend might be leaking into traditional institutions. <\/p>\n<p>Read the full newsletter edition here for more news and signals, complete with detailed charts and images.<\/p>\n<p><em>Cointelegraph\u2019s Market Insights Newsletter shares our knowledge on the fundamentals that move the digital asset market. With market intelligence from one of the industry\u2019s leading analytics providers,\u00a0<\/em><a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/?fpr=cointelegraph\"><em>Santiment<\/em><\/a><em>, the newsletter dives into the latest data on social media sentiment, on-chain metrics and derivatives.<\/em><\/p>\n<p><em>We also review the industry\u2019s most important news, including mergers and acquisitions, changes in the regulatory landscape, and enterprise blockchain integrations. Sign up now to be the first to receive these insights. All past editions of Market Insights are also available on Cointelegraph.com.<\/em><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/cointelegraph-consulting-overwhelming-bullish-sentiment-once-again-proves-costly\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Cointelegraph Consulting: Overwhelming bullish sentiment once again proves costly &#8221; According to data collected from 1000+ crypto social media channels, the average crowd sentiment towards Bitcoin adapted from slightly bullish to overwhelmingly bullish over the days leading up to Thursday\u2019s dramatic pullback, mirroring the levels previously observed during its May and August price tops,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":121206,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-11\/1a68ea14-ebef-4892-b181-d65c34a5282f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74899,81951,74894,74863,75164,73785],"class_list":["post-121205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-adoption","tag-bitcoin-analysis","tag-blockchain","tag-cryptocurrencies","tag-price-analysis","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/121205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=121205"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/121205\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/121206"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=121205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=121205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=121205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}