Pelin Ay 1
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Pelin Ay 1
TRADER-ANALİST-YAZAR
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XRP Escapes Selling Pressure and Shifts to a Neutral Tone
Binance long liquidations were at approximately 103k XRP, while short liquidations were around 122k XRP, and the difference between them is fairly limited. The Binance Funding Rate is also hovering very close to 0. The implications of long and short liquidations being close to each other are as follows:
1. It shows that there is no one-sided pressure in the market.
If only long liquidations were extremely high, it would suggest that buyers were being aggressively forced out and that selling pressure dominated. Conversely, if only short liquidations were high, it would indicate that sellers were getting squeezed and that buyers had taken control. However, having both sides liquidated at similar levels shows that neither bulls nor bears can establish clear dominance.
2. It indicates that leveraged positions are distributed more evenly.
When liquidations are close to each other, it suggests that in futures trading both long and short positions are of similar size. As a result, price moves are occurring in a way that can trigger the stops of both sides. This situation is typically characterized by a lack of strong directional conviction, frequent shifts in direction, and price action that punishes both sides.
3. A Funding Rate near zero supports this balance.
With the Funding Rate in neutral territory, it indicates that investors are not excessively concentrated on either the long or short side. In other words: there is no extreme optimism on the long side, and there is no extreme pessimism on the short side.
The liquidation data and the funding rate are sending the same message.
4. The likelihood of a major squeeze appears to be weakening.
Usually, before sharp rallies, a very high short accumulation builds up, and before sharp declines, a very high long accumulation forms.
In the chart, since the liquidations of both sides are near each other, there doesn’t seem to be a major one-sided squeeze in the market yet. Therefore, the signal for a strong liquidation wave targeting a single group of positions remains weak.
$XRP #xrp
Binance long liquidations were at approximately 103k XRP, while short liquidations were around 122k XRP, and the difference between them is fairly limited. The Binance Funding Rate is also hovering very close to 0. The implications of long and short liquidations being close to each other are as follows:
1. It shows that there is no one-sided pressure in the market.
If only long liquidations were extremely high, it would suggest that buyers were being aggressively forced out and that selling pressure dominated. Conversely, if only short liquidations were high, it would indicate that sellers were getting squeezed and that buyers had taken control. However, having both sides liquidated at similar levels shows that neither bulls nor bears can establish clear dominance.
2. It indicates that leveraged positions are distributed more evenly.
When liquidations are close to each other, it suggests that in futures trading both long and short positions are of similar size. As a result, price moves are occurring in a way that can trigger the stops of both sides. This situation is typically characterized by a lack of strong directional conviction, frequent shifts in direction, and price action that punishes both sides.
3. A Funding Rate near zero supports this balance.
With the Funding Rate in neutral territory, it indicates that investors are not excessively concentrated on either the long or short side. In other words: there is no extreme optimism on the long side, and there is no extreme pessimism on the short side.
The liquidation data and the funding rate are sending the same message.
4. The likelihood of a major squeeze appears to be weakening.
Usually, before sharp rallies, a very high short accumulation builds up, and before sharp declines, a very high long accumulation forms.
In the chart, since the liquidations of both sides are near each other, there doesn’t seem to be a major one-sided squeeze in the market yet. Therefore, the signal for a strong liquidation wave targeting a single group of positions remains weak.
$XRP #xrp
🐻 #XAUUSD 1,272 support is now in a resistance position. #Gold spot may potentially fall as low as 3500$ a. For buying gold, I can consider 4000$ for staggered buying. $XAU
🐻 #XAGUSD 55$ desteğinde. We may see consolidation in the range of 55$-60$ for a while. If the decline continues, I expect a falling trend down to the 33$-35$ range. The level where the upside began is 33$ . This is where we can see the real reversal from. For silver buying, starting from 55$ I plan to make incremental buys to the downside. $XAG
📢 Active Bitcoin Investors Are Losing About $20,000!
The Active Realized Price represents, in economic terms, the average cost basis of the actively held #Bitcoin supply, and is considered an important cost level for the market’s active investor base. That’s why this level is quite important.
According to the latest chart data, the #BTC price is around the $64.9k level, while the Active Realized Price is around $83.5k. This suggests that the market price is trading below the average cost of active investors. In other words, while investors in loss may be unfortunate, if we assume these investors won’t sell at a loss, we can view this as positive for the market.
The STH Net Realized Profit/Loss is at +$137.1 million in the latest data. Short-term investors are still able to realize some gains on-chain, albeit limited. However, compared to the billions of dollars in profit-taking seen in the previous period(s), this value is quite low. This indicates there isn’t a strong wave of profit-taking among short-term investors.
The LTH Net Realized Profit/Loss is at -$410.4 million. Long-term investors are realizing net losses in their most recent trades. This means long-term investors are not aggressively selling into gains; instead, some are transferring below their cost basis.
On the right side of the chart, the realized profit/loss bars for both STH and LTH are noticeably smaller compared to earlier periods, showing that the volume of realized profits and losses on-chain has decreased. This implies market participants are conducting lower-volume trades and that selling pressure has weakened versus the previous peak periods.
In this situation, with weak profit realization and active investors still in a loss, we can say the market has been relieved from strong sell-side pressure. That also means the sell-off wave may be ending soon. $BTC
The Active Realized Price represents, in economic terms, the average cost basis of the actively held #Bitcoin supply, and is considered an important cost level for the market’s active investor base. That’s why this level is quite important.
According to the latest chart data, the #BTC price is around the $64.9k level, while the Active Realized Price is around $83.5k. This suggests that the market price is trading below the average cost of active investors. In other words, while investors in loss may be unfortunate, if we assume these investors won’t sell at a loss, we can view this as positive for the market.
The STH Net Realized Profit/Loss is at +$137.1 million in the latest data. Short-term investors are still able to realize some gains on-chain, albeit limited. However, compared to the billions of dollars in profit-taking seen in the previous period(s), this value is quite low. This indicates there isn’t a strong wave of profit-taking among short-term investors.
The LTH Net Realized Profit/Loss is at -$410.4 million. Long-term investors are realizing net losses in their most recent trades. This means long-term investors are not aggressively selling into gains; instead, some are transferring below their cost basis.
On the right side of the chart, the realized profit/loss bars for both STH and LTH are noticeably smaller compared to earlier periods, showing that the volume of realized profits and losses on-chain has decreased. This implies market participants are conducting lower-volume trades and that selling pressure has weakened versus the previous peak periods.
In this situation, with weak profit realization and active investors still in a loss, we can say the market has been relieved from strong sell-side pressure. That also means the sell-off wave may be ending soon. $BTC
🐻 #XRP broke the falling trend and signed its signature on a new downward trend. 😂 Don't trust those who say the decline is over unless the 1,20$ resistance is broken. Because, IT'S NOT OVER!
$XRP
$XRP
Can Miners Create Strong Selling Pressure?
When we examine the miners’ unrealized profit together with the PNL Index, the changes in miners’ sales motivation catch my attention. This is because the PNL Index is a composite indicator derived from on-chain metrics such as MVRV, NUPL, and SOPR, and it summarizes the market’s overall profit/loss condition. In this chart, we can see that miners’ profitability has dropped significantly.
In the current portion of 2026, the miners’ unrealized profit is clearly lower compared to prior peaks. Even so, the metric is still well above zero. This indicates that a large portion of miners are still carrying profits above their costs, but they no longer have as high a profit margin as in the past.
In the last section, the PNL Index has been sliding toward negative territory. Historically, when this index rises, investors’ unrealized profits increase and the desire to sell also strengthens; when it falls, total profitability in the market declines and the motivation to realize gains weakens. In the chart, the PNL Index’s downward trend coincides with the period in which miners’ unrealized profit declines. This suggests that miners are coming out of an extremely high-profit phase.
Based on these latest data, even though miners are still in profit, they are not in the extreme profit zone seen in previous cycles. The decline in unrealized profit suggests that miners’ selling capacity has weakened compared to earlier periods. The PNL Index being at low levels also indicates that unrealized profits across the market have fallen relative to the previous peaks.
The lack of a notable increase in Binance user deposit addresses also supports the idea that miner-driven heavy exchange transfers are not coming to the forefront.
In conclusion, the chart shows that miners are not creating selling pressure like they do during high-profit periods. #Bitcoin #BTC $BTC
When we examine the miners’ unrealized profit together with the PNL Index, the changes in miners’ sales motivation catch my attention. This is because the PNL Index is a composite indicator derived from on-chain metrics such as MVRV, NUPL, and SOPR, and it summarizes the market’s overall profit/loss condition. In this chart, we can see that miners’ profitability has dropped significantly.
In the current portion of 2026, the miners’ unrealized profit is clearly lower compared to prior peaks. Even so, the metric is still well above zero. This indicates that a large portion of miners are still carrying profits above their costs, but they no longer have as high a profit margin as in the past.
In the last section, the PNL Index has been sliding toward negative territory. Historically, when this index rises, investors’ unrealized profits increase and the desire to sell also strengthens; when it falls, total profitability in the market declines and the motivation to realize gains weakens. In the chart, the PNL Index’s downward trend coincides with the period in which miners’ unrealized profit declines. This suggests that miners are coming out of an extremely high-profit phase.
Based on these latest data, even though miners are still in profit, they are not in the extreme profit zone seen in previous cycles. The decline in unrealized profit suggests that miners’ selling capacity has weakened compared to earlier periods. The PNL Index being at low levels also indicates that unrealized profits across the market have fallen relative to the previous peaks.
The lack of a notable increase in Binance user deposit addresses also supports the idea that miner-driven heavy exchange transfers are not coming to the forefront.
In conclusion, the chart shows that miners are not creating selling pressure like they do during high-profit periods. #Bitcoin #BTC $BTC
XRP Protects the Consolidation Zone
Recently, trading flows in the XRP market have calmed down, yet it appears that the market capitalization has not experienced a strong deterioration yet.
Both the amount of #XRP entering Binance (Inflow 2.687 XRP) and the amount exiting Binance (Outflow 11.845 XRP) are staying at relatively low levels compared to the sharp spikes seen in previous months. Whales are neither sending large amounts of XRP to Binance nor withdrawing strong volumes from it. In other words, on Binance—the world’s largest crypto liquidity hub—the balance between supply and demand has switched to standby mode.
Market Cap is moving sideways with a slight downward slope around the $108.4 billion level. In the latest data, there is an increase of roughly 1.11% on a daily basis. In an environment where exchange movements are quiet, it’s an important detail that Market Cap can be maintained. Since Market Cap is calculated alongside price, the current picture suggests that the market value is being preserved—for now.
The HMA value is at -531.196 and the slope is downward. The Hull Moving Average is an indicator that detects trend changes faster than classic moving averages. Keeping a downward slope indicates that short-term momentum has not yet gained strength.
Even though Market Cap is being preserved, the HMA’s downward slope suggests that momentum on the price is still weak.
Buyers do not appear to have fully left the market, but the momentum to form a strong trend has not yet developed.
In summary, the current data indicates that the market is consolidating before it finds a new direction. $XRP #XRP
Recently, trading flows in the XRP market have calmed down, yet it appears that the market capitalization has not experienced a strong deterioration yet.
Both the amount of #XRP entering Binance (Inflow 2.687 XRP) and the amount exiting Binance (Outflow 11.845 XRP) are staying at relatively low levels compared to the sharp spikes seen in previous months. Whales are neither sending large amounts of XRP to Binance nor withdrawing strong volumes from it. In other words, on Binance—the world’s largest crypto liquidity hub—the balance between supply and demand has switched to standby mode.
Market Cap is moving sideways with a slight downward slope around the $108.4 billion level. In the latest data, there is an increase of roughly 1.11% on a daily basis. In an environment where exchange movements are quiet, it’s an important detail that Market Cap can be maintained. Since Market Cap is calculated alongside price, the current picture suggests that the market value is being preserved—for now.
The HMA value is at -531.196 and the slope is downward. The Hull Moving Average is an indicator that detects trend changes faster than classic moving averages. Keeping a downward slope indicates that short-term momentum has not yet gained strength.
Even though Market Cap is being preserved, the HMA’s downward slope suggests that momentum on the price is still weak.
Buyers do not appear to have fully left the market, but the momentum to form a strong trend has not yet developed.
In summary, the current data indicates that the market is consolidating before it finds a new direction. $XRP #XRP
🐻 #Total2 832 B — it can fall by 'kadar'. Total2 is currently trading sideways between the 912B-832B range. The breakout direction that comes from this range will determine the future of altcoins. I think it's still early in terms of the #altcoin season. So my expectation is that a downside breakout is more likely to occur.
The LTH/STH Supply Ratio shows how dominant the amount of BTC held for more than 155 days is compared to short-term investors. An increase in the ratio indicates that more Bitcoin is being held by long-term investors.
In the chart, the LTH/STH Supply Ratio has risen to 5.074. This is one of the highest levels in recent years and suggests that a significant portion of the circulating Bitcoin supply is in the hands of long-term investors. The effects on price can be read as follows:
🔺Liquid supply tightens because long-term investors’ desire to sell is low.
🔺The amount of #BTC held by short-term investors decreases relatively. This indicates that sell pressure from daily trading is limited.
🔺With most of the supply held in long-term wallets, it creates a market structure that is supportive of price.
On the other hand, the second notable element in the chart is that the Supply in Profit ratio has fallen to approximately 49.35%. In other words, about half of the circulating supply is in profit, while the other half is near its cost basis or in the loss zone. From this, we can infer that the number of investors who can realize profits has declined compared to previous periods. The potential to generate large-scale sell pressure is weakening. However, investors in the loss zone also have not yet built strong gains, so they are not forming an aggressive selling motivation.
Despite the #Bitcoin price being around $62,700, long-term investors continue to hold on to their assets, suggesting that the supply squeeze in on-chain terms is ongoing.
In conclusion, the current data in the chart indicates that sell pressure is weak and long-term investor dominance is strong. This structure appears supportive of price from an on-chain data perspective, while also showing that newly entering liquid supply remains limited.
In the chart, the LTH/STH Supply Ratio has risen to 5.074. This is one of the highest levels in recent years and suggests that a significant portion of the circulating Bitcoin supply is in the hands of long-term investors. The effects on price can be read as follows:
🔺Liquid supply tightens because long-term investors’ desire to sell is low.
🔺The amount of #BTC held by short-term investors decreases relatively. This indicates that sell pressure from daily trading is limited.
🔺With most of the supply held in long-term wallets, it creates a market structure that is supportive of price.
On the other hand, the second notable element in the chart is that the Supply in Profit ratio has fallen to approximately 49.35%. In other words, about half of the circulating supply is in profit, while the other half is near its cost basis or in the loss zone. From this, we can infer that the number of investors who can realize profits has declined compared to previous periods. The potential to generate large-scale sell pressure is weakening. However, investors in the loss zone also have not yet built strong gains, so they are not forming an aggressive selling motivation.
Despite the #Bitcoin price being around $62,700, long-term investors continue to hold on to their assets, suggesting that the supply squeeze in on-chain terms is ongoing.
In conclusion, the current data in the chart indicates that sell pressure is weak and long-term investor dominance is strong. This structure appears supportive of price from an on-chain data perspective, while also showing that newly entering liquid supply remains limited.
🐻 #ETH dominance raised the bear flag. If this flag works, it means we’ll see the very bottom of the altcoin market. Do you think it will work?
$ETH
$ETH
🐻 #Ethereum broke the falling trend structure, but it’s quite low on volume. It’s moving with a sideways range. I think this breakout is a trap. I believe the price will return into the trend in the coming days. $ETH
🐻 #Bitcoin maintains its range structure. The downside hasn’t ended yet. It wouldn’t be accurate to say the decline is over unless we get a close above 65000$ . I marked the supports on the chart. #BTC
$BTC
$BTC
🐻 #XAGUSD downtrend continues. 33$ desteği strong support. If the decline continues, these levels may be seen. #Silver
🐻 #XAUUSD support found but it is not enough. If this week the price cannot rise above 4200$ , we will see a new wave of decline. I think that on the #gold side, a sideways downward trend will continue for a while.
$XAU
$XAU
Bitcoin is considered one of the most important long-term support indicators, because the 200-week average represents the price average over roughly a 4-year period. Throughout history, the bottoms of bear markets have usually formed close to this average, while in bull markets price has remained above this level for a long time.
In the chart, it can be seen that the current #Bitcoin price has dipped below the 200-week moving average. Historically, this situation is quite rare. Even when Bitcoin has gone below this average in past cycles, it has not managed to stay there for long.
Looking at the chart:
- In the 2011–2012 period, the price briefly stayed below the 200-week average, and then a strong recovery began.
- During the 2015 bear market, Bitcoin moved around near this average for about a few months, and then entered a new uptrend cycle.
- In the 2020 COVID crash, the price fell below the average only for a very short time and quickly returned above it.
- In the 2022–2023 bear market, however, the price experienced one of the longest periods, trading below the 200-week average for about 6 months. After that, it rose back above this level and began a new upward trend.
The notable common point in the chart is that, throughout history, Bitcoin has stayed below the 200-week moving average for a maximum of about 6 months. There is no past example showing that it remained below this level for longer.
From a long-term trend perspective, Bitcoin is historically in a strong support zone. Of course, past performance does not guarantee the future. But this chart shows that, in Bitcoin’s long-term structure, the 200-week moving average is one of the strongest technical supports preserved up to today, and that historically the price has not been able to remain below this level for more than about 6 months. Therefore, the current zone is a critical threshold that investors following the long-term market cycle should watch closely $BTC
In the chart, it can be seen that the current #Bitcoin price has dipped below the 200-week moving average. Historically, this situation is quite rare. Even when Bitcoin has gone below this average in past cycles, it has not managed to stay there for long.
Looking at the chart:
- In the 2011–2012 period, the price briefly stayed below the 200-week average, and then a strong recovery began.
- During the 2015 bear market, Bitcoin moved around near this average for about a few months, and then entered a new uptrend cycle.
- In the 2020 COVID crash, the price fell below the average only for a very short time and quickly returned above it.
- In the 2022–2023 bear market, however, the price experienced one of the longest periods, trading below the 200-week average for about 6 months. After that, it rose back above this level and began a new upward trend.
The notable common point in the chart is that, throughout history, Bitcoin has stayed below the 200-week moving average for a maximum of about 6 months. There is no past example showing that it remained below this level for longer.
From a long-term trend perspective, Bitcoin is historically in a strong support zone. Of course, past performance does not guarantee the future. But this chart shows that, in Bitcoin’s long-term structure, the 200-week moving average is one of the strongest technical supports preserved up to today, and that historically the price has not been able to remain below this level for more than about 6 months. Therefore, the current zone is a critical threshold that investors following the long-term market cycle should watch closely $BTC
XRP Price Advances in Favor of Sellers
When the Open Interest, Market Cap, and NVT Ratio on the chart are evaluated together, it appears that in the #XRP market both the size of capital and overall appetite for derivatives have weakened. However, on the valuation side on-chain, no strong rebound has yet occurred.
In the latest data, Open Interest has fallen to the $350.6 million level, dropping to one of the lowest points of the recent period. This decline indicates that open positions are being closed in the futures markets and that leveraged traders are pulling out of the market. Under normal circumstances, this would be a development that could reduce selling pressure, but the fact that Market Cap on the chart has also fallen to as low as $10.89 billion suggests that capital is leaving the market as well—not just leverage. In other words, while positions are closing, no new money is entering.
This picture is also supported by the NVT Ratio holding at 162.86. When NVT stays in high ranges, it suggests that on-chain usage has not accelerated enough to support a renewed valuation of the market.
Risk appetite in the market is extremely weak. Investors are exhausted. In the futures segment, positions are decreasing, and in the spot segment the market value is shrinking. These data indicate that price action in XRP is still favoring sellers. $XRP
When the Open Interest, Market Cap, and NVT Ratio on the chart are evaluated together, it appears that in the #XRP market both the size of capital and overall appetite for derivatives have weakened. However, on the valuation side on-chain, no strong rebound has yet occurred.
In the latest data, Open Interest has fallen to the $350.6 million level, dropping to one of the lowest points of the recent period. This decline indicates that open positions are being closed in the futures markets and that leveraged traders are pulling out of the market. Under normal circumstances, this would be a development that could reduce selling pressure, but the fact that Market Cap on the chart has also fallen to as low as $10.89 billion suggests that capital is leaving the market as well—not just leverage. In other words, while positions are closing, no new money is entering.
This picture is also supported by the NVT Ratio holding at 162.86. When NVT stays in high ranges, it suggests that on-chain usage has not accelerated enough to support a renewed valuation of the market.
Risk appetite in the market is extremely weak. Investors are exhausted. In the futures segment, positions are decreasing, and in the spot segment the market value is shrinking. These data indicate that price action in XRP is still favoring sellers. $XRP
Ethereum Sideways Movement Will Challenge Investors
In the latest data, the Exchange Reserve is at 3,857,896 ETH. In recent weeks, reserves have begun to move sideways. This suggests that this selling pressure has temporarily paused. Binance Reserve is one of the world’s largest reserve hubs. For this reason, Binance Reserve moving sideways can be interpreted as neither buyers nor sellers taking action in the market.
Velocity is at 9.85 and has been drifting slightly downward in recent months. The weakening of Velocity indicates that the circulation speed in the Ethereum network and economic activity have slowed compared to earlier periods. This suggests that new demand has not gained momentum, and the price may struggle to generate strong momentum.
The ATR (14) indicator, meanwhile, has fallen to around the 15,362 level. A decline in ATR shows that volatility is decreasing and that sharp price swings are weakening for now. Low volatility typically causes price to move within a certain range.
Objectively, the chart, based on the current data, points to a market structure that is balancing with low volatility and searching for direction, rather than a strong trend start in the Ethereum price. For a new direction to form, a more powerful positive signal would be for Velocity to start rising again alongside a clear decrease in the Exchange Reserve. On the other hand, if the Exchange Reserve begins to increase quickly again, it could indicate that selling pressure may strengthen. Until buyers or sellers get tired of waiting and start to apply pressure—taking trades and determining direction will challenge investors. $ETH
In the latest data, the Exchange Reserve is at 3,857,896 ETH. In recent weeks, reserves have begun to move sideways. This suggests that this selling pressure has temporarily paused. Binance Reserve is one of the world’s largest reserve hubs. For this reason, Binance Reserve moving sideways can be interpreted as neither buyers nor sellers taking action in the market.
Velocity is at 9.85 and has been drifting slightly downward in recent months. The weakening of Velocity indicates that the circulation speed in the Ethereum network and economic activity have slowed compared to earlier periods. This suggests that new demand has not gained momentum, and the price may struggle to generate strong momentum.
The ATR (14) indicator, meanwhile, has fallen to around the 15,362 level. A decline in ATR shows that volatility is decreasing and that sharp price swings are weakening for now. Low volatility typically causes price to move within a certain range.
Objectively, the chart, based on the current data, points to a market structure that is balancing with low volatility and searching for direction, rather than a strong trend start in the Ethereum price. For a new direction to form, a more powerful positive signal would be for Velocity to start rising again alongside a clear decrease in the Exchange Reserve. On the other hand, if the Exchange Reserve begins to increase quickly again, it could indicate that selling pressure may strengthen. Until buyers or sellers get tired of waiting and start to apply pressure—taking trades and determining direction will challenge investors. $ETH
The Narrative Index is a sentiment indicator that tries to measure how optimistic or pessimistic the general messaging of crypto content creators on YouTube is. The main goal is to show whether the language and narrative used in the content reflect market psychology.
The index operates on a 0–100 scale.
👉 80–100: Extremely optimistic
👉 60–80: Positive
👉 40–60: Neutral
👉 20–40: Negative
👉 0–20: Extremely pessimistic
This metric does not directly measure trading volume; it measures investor psychology and the media narrative.
Generally, when the index rises above 80, FOMO increases in the market. When it falls below 20, fear and panic become dominant. Because of this, it is often also used as a contrarian indicator.
Throughout 2024, the index has been quite volatile. While Bitcoin has continued its uptrend, the YouTube narrative frequently moved into the optimistic zone. In the first half of 2025, however, the index stayed in the 70–90 range for a long time. During the same period, Bitcoin also showed a strong upward move. But in the last quarter of 2025, the index drops sharply, falling back to the 20 level. At the same time, Bitcoin begins a downward correction from its peak. Starting in the first months of 2026, the index recovers again, but it is no longer as strong as before.
The latest data on the chart is around the 49 level. There is no extreme optimism in the market. Most content creators behave with a wait-and-see attitude. A level of 49 fully represents the neutral zone. #Bitcoin price has been under downward pressure in recent months, yet the YouTube narrative has not slipped into extremely pessimistic levels.
The index has started to stabilize between 40 and 60. This indicates that panic behavior is not present in the market. If we consider the community’s influence on crypto, this indicator is quite important. Investors seem undecided. This suggests that sideways price movement will likely continue for a while. $BTC
The index operates on a 0–100 scale.
👉 80–100: Extremely optimistic
👉 60–80: Positive
👉 40–60: Neutral
👉 20–40: Negative
👉 0–20: Extremely pessimistic
This metric does not directly measure trading volume; it measures investor psychology and the media narrative.
Generally, when the index rises above 80, FOMO increases in the market. When it falls below 20, fear and panic become dominant. Because of this, it is often also used as a contrarian indicator.
Throughout 2024, the index has been quite volatile. While Bitcoin has continued its uptrend, the YouTube narrative frequently moved into the optimistic zone. In the first half of 2025, however, the index stayed in the 70–90 range for a long time. During the same period, Bitcoin also showed a strong upward move. But in the last quarter of 2025, the index drops sharply, falling back to the 20 level. At the same time, Bitcoin begins a downward correction from its peak. Starting in the first months of 2026, the index recovers again, but it is no longer as strong as before.
The latest data on the chart is around the 49 level. There is no extreme optimism in the market. Most content creators behave with a wait-and-see attitude. A level of 49 fully represents the neutral zone. #Bitcoin price has been under downward pressure in recent months, yet the YouTube narrative has not slipped into extremely pessimistic levels.
The index has started to stabilize between 40 and 60. This indicates that panic behavior is not present in the market. If we consider the community’s influence on crypto, this indicator is quite important. Investors seem undecided. This suggests that sideways price movement will likely continue for a while. $BTC
🐻 #Link continues its movement in the accumulation zone. 8,50$ resistance is important. It looks quite low-volume. I think those looking to buy should not rush and should watch the 7,1$ support next.
$LINK
$LINK
🐻 #Ethereum broke the downtrend! However, the expected high-volume breakout did not occur. I think this breakout is a trap. Especially when I evaluate it together with the Btc chart, I understand it better. I expect the decline to continue until the 1350$ support level. Do you think the #ETH downtrend is over? $ETH
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