Santiment analyst Brian Q said emotional trading tied to political news is dominating short-term market behavior more than ever.
“Smart traders” picked up more Bitcoin and altcoins last week as retail investors overreacted to US President Trump’s 100% tariff against China, according to onchain analytics platform Santiment.
“Retail’s emotions often dictate that Bitcoin's and altcoins’ prices are about to do the opposite,” Santiment analyst Brian Q said in a blog post on Monday.
The crypto markets crashed on Friday as US President Donald Trump announced stiff tariffs against China. Brian Q said the event was one of four dates in particular this year that drove peak crowd fear.
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