View: The crypto market sentiment has shifted to bearish or may signal an impending reversal

BlockBeats News, December 29th, according to CryptoQuant analyst @Darkfost_Coc, based on the market sentiment index (which is based on media articles, on-chain data, and several other sentiment indicators) analysis, the current market consensus has generally turned bearish.

@Darkfost_Coc believes that when a common consensus is formed, the market often reverses, proving that the majority is wrong. This situation was reflected in the chart during the periods from July to October 2024 and from February to April 2025.

@Darkfost_Coc also stated that the "index pessimism" phase may last for a while, especially when the market enters a long-term bear market. The current market only started entering this phase in early November, and although this indicator tends to be bullish, maintaining caution and patience is crucial in a bear market environment.

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