Santiment: The general market sentiment views the recent surge as a bull trap, but the bullish momentum may continue.
BlockBeats News, on April 15, reported that crypto market research firm Santiment stated on social media that with the market rising, small retail investors are selling large amounts of Ethereum. In just the past two days, wallets holding 0.01 ETH or less have decreased by 1,791 ETH (worth 4.16 million USD). The public believes that this 17% increase since March 29 is a bull trap, but this actually increases the possibility of the current bullish momentum continuing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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