Opinion: The consensus in the crypto market has shifted to bearish, possibly indicating an upcoming reversal

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On December 29, according to CryptoQuant analyst @Darkfost_Coc, based on the Market Sentiment Index (which is derived from media articles, X platform data, and several other sentiment indicators), the current market consensus has generally shifted to bearish. @Darkfost_Coc believes that when a consensus is formed, the market often reverses, proving that most people are wrong. The chart reflects this situation during the periods from July to October 2024 and February to April 2025. @Darkfost_Coc also states that the “pessimistic index” phase may last for some time, especially when the market enters a long-term bear market. The current market only began this phase in early November. Although this indicator leans towards a bullish stance, it is crucial to remain cautious and patient in a bear market environment.

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