- Santiment sata reveals how traders have changed their tune.
- Most swing towards negative expectations amid call for BTC to fall.
- The price of BTC may still fall below the $100,000 price range.
Despite the price of BTC having retaken the $111,000 price range, after a long sideways trading move in the $110,000 price range, reputed analysts see this as an exit pump created by market makers to take profits and exit before the expected September correction phase begins. Thus, most traders have changed their tune, swinging towards negative expectations amid calls for BTC to fall below the $100,000 price target.
Traders Swing Towards Negative Expectations Amid Call for BTC to Fall
While some were thrilled to see the pioneer crypto asset, Bitcoin (BTC), trading above the $110,000 price range, others clocked it for what they believe to be a market makers’ move, clear market manipulation to create an exit pump. While some noticed market structure shifting in the BTC price chart and hoped for a recovery, others are still certain that a September correction will play out in a few days.
To highlight, this September correction is based on historical data where most Septembers have led to the month closing in a bearish red. Thus, many analysts expect the same to play out this year, and for the correction to be triggered by the Fed’s rate cut announcement. The expectations right now is for the price of BTC to fall below the $100,000 price range and possibly sink as low as $90,000 to close a critical CME Gap.
As we can see from the post above, Santiment data reveals how traders have changed their tunes, swinging more and more negative with expectations of Bitcoin falling back below $100,000, Ethereum back below $3,500, and altcoins going through a retrace period. As markets move opposite to the crowd’s expectations, these couple of weeks of FUD are an encouraging sign that this feared large retrace will never actually happen.
Bullish Quarter Ahead
Despite these negative expectations, many reputed crypto analysts still believe that the crypto bull market is far from the end. In fact, they believe that Bitcoin, and especially altcoins , are expected to set several new ATH records in Q4 and possibly even in 2026. While some differ on the timeline of how long the bull market will last, most are certain that new ATHs will be set in the coming months ahead, giving traders and investors a golden opportunity to accumulate more at low prices.
As market data and analyst predictions clash, the crypto community is presently torn between accumulating now for higher ATHs at low prices, or selling and taking profits now before the correction prices arrive, giving them another possible window to accumulate later. Smart investors are hedging bets and setting up trade positions to leverage from both possibilities as the community waits patiently to see how the market unfolds.
