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Cardano’s Bearish Retail Crowd Hands Whales a Buying Opportunity

Cardano’s retail base has flipped bearish after weeks of drawdowns, setting up conditions where whales could step in.Data from Santiment shows ADA’s bullish-to-bearish commentary ratio slumped to 1.5:1 this week — the lowest in five months. The sentiment dip coincided with a 5% rebound, suggesting traders who sold into frustration may have helped mark a local bottom.Historically, ADA rallies have tended to begin when retail sentiment is weakest. Santiment flagged a similar setup in mid-August, when a 2:1 ratio aligned with a surge. Conversely, euphoric spikes — like the 12.8:1 ratio earlier this summer — have preceded sharp pullbacks.Sentiment extremes matter because crypto markets are unusually sensitive to retail psychology. When optimism peaks, the crowd often buys into tops. When…

Source: www.coindesk.com — Read the full article
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