I have a love/hate relationship with social media, but it does a pretty decent job at gauging sentiments of the overall market. I’ve been on twitter, Reddit, Facebook (urrrrrggh), YouTube, and have seen a huge shift. Now people are yelling for drops, Bitcoin 10-20k, even lower.
Reddit is interesting. It seems that when people say a coin is going to die, it pretends to die, then go straight to the moon (Doge, Shib, etc). Then when people say it’s going to pump hardddd, it dumps (Chiliz, Luna, etc).
Disclaimer: Not a financial adviser.