Santiment: Bitcoin and Ethereum market sentiment remains subdued, while XRP traders' confidence is rising against the trend

BTC-0,9%
ETH-2,86%
XRP-3,2%

Although Bitcoin’s price once approached $70,000 and Ethereum fell to around $2,099, the latest data from Santiment shows that overall market sentiment continues to worsen, but XRP traders remain relatively optimistic. Social media analysis indicates that XRP’s positive/negative sentiment score is 2.19, significantly higher than Ethereum’s 1.08 and Bitcoin’s 0.80, representing increases of 103% and 173% respectively, suggesting that investors have a more positive outlook on XRP.

According to CoinMarketCap data, over the past seven days, Bitcoin and Ethereum have declined by approximately 4.97% and 4.92%, respectively, while XRP has decreased by 6.82% during the same period. Swyftx Chief Analyst Pav Hundal pointed out that XRP holders are more resilient to market volatility and remain confident in the fundamentals, so even if prices fall, they are not in a rush to sell.

Santiment believes that the current market panic could present short-term rebound opportunities. Analysis indicates that as long as small investors remain cautious about the crypto market, there is still potential for short-term upward movement. The Fear & Greed Index from Alternative.me shows that current market sentiment is extremely cautious, with a score of only 12, the lowest since mid-December last year.

Meanwhile, CoinMarketCap’s Altcoin Season Index indicates that investors still favor Bitcoin, with a score of 32 (out of 100), suggesting that risk appetite in the market has not fully recovered. Bitwise Chief Investment Officer Matt Hougan stated on X that the crypto market has been in a full winter since January 2025, and the current stage may be closer to the end of winter.

Overall, despite downward pressure on Bitcoin and Ethereum, XRP still shows strong resilience in the short term. Market attention is focused on sentiment shifts and short-term rebound opportunities, which could serve as key signals for investors to adjust their positions and strategies.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

The Bhutanese government transferred 319.7 BTC to two wallets, worth approximately $22.67 million

Gate News message, on April 9, according to Onchain Lens monitoring, the government of the Kingdom of Bhutan transferred 319.7 BTC (worth about $22.67 million) to two wallets. One is a newly created wallet, possibly a CEX wallet; the other is an old wallet that was previously used to transfer funds for sale via a certain CEX or Galaxy Digital.

GateNews34m ago

Arthur Hayes: You need to see on-chain transactions to believe that Iran accepts BTC as payment—otherwise it’s just messing with the West

Gate News message, April 9, Arthur Hayes posted a comment on reports that Iran is charging Bitcoin tolls. Hayes said he would only believe that Iran is truly collecting tolls in the form of BTC after seeing the related transactions on the real Bitcoin blockchain. He believes that before that, it is only the Islamic Revolutionary Guard Corps playing with the Western fiat currency and financial system.

GateNews1h ago

Morgan Stanley Bitcoin ETF Debuts with $34 Million in First-Day Inflows, 0.14% Fee

Morgan Stanley’s spot bitcoin exchange‑traded fund (ETF) began trading on April 8, 2026 under the ticker MSBT on NYSE Arca, recording more than 1.6 million shares traded and approximately $34 million in net inflows on its first day.

CryptopulseElite1h ago

Michael Saylor’s Strategy Buys 4,871 BTC Worth $330M, Holdings Hit 766,970 BTC

Strategy has resumed its Bitcoin accumulation, acquiring 4,871 BTC for $329.9M, raising total holdings to 766,970 BTC. Funding comes from preferred shares, minimizing reliance on common stock. Despite a $14.46B loss, it aims for 1M BTC.

CryptoFrontNews1h ago
Comment
0/400
MountainOfBooksvip
· 02-05 06:09
Despite Bitcoin and Ethereum facing downward pressure, XRP still shows strong resilience in the short term. Market attention is focused on sentiment changes and short-term rebound opportunities, which could become key signals for investors to adjust their positions and strategies.
View OriginalReply1