Crypto traders are more angry, frustrated, and fearful right now than at any point since Trump was elected. Santiment just confirmed it.
Their social sentiment tracker shows keywords like “angry,” “frustrated,” and “offended” have hit extreme highs not seen since November 2024. People aren’t just scared. They’re furious.
And honestly? That might be the most bullish signal we’ve gotten in months.
Here’s what the market looks like right now. Bitcoin at $67,492, down 2% today. Ethereum fighting for its life at $2,000. Solana barely holding $85. XRP at $1.45. Total crypto market cap briefly touched $2.3 trillion before pulling back. But here’s what you need to understand about extreme negative sentiment. It’s historically one of the most reliable contrarian indicators in crypto. When everyone is screaming that it’s over, that’s typically when the biggest reversals happen.
ETH is the one to watch this week. It dropped 33% year to date and is sitting right on the $2,000 psychological level. Standard Chartered lowered their long term target to $4,000. If this support breaks, $1,800 is next. If it holds, we could see a snapback toward $2,500.
Meanwhile the SEC has until February 26 to decide on the T. Rowe Price Active Crypto ETF. This fund would include XRP among 5 to 15 eligible crypto assets. T. Rowe Price manages $1.8 trillion. An approval would be the sixth XRP ETF and a massive signal for institutional access.
Two catalysts this week. The ETF decision and the PCE inflation data on February 28. Either one could flip sentiment overnight.