Crypto traders are getting increasingly fearful, signaling a potential November rally. Social media comments show Bitcoin sentiment evenly split between bullish and bearish, while Ether has more bullish comments. XRP is facing one of its most “fearful moments.” Analysts attribute the market slump to macroeconomic factors, with the Crypto Fear & Greed Index at “extreme fear.”

Despite the market sentiment, traders’ negative moods could lead to an unexpected rally in November. More long-term holders are ready to buy up coins from weaker hands. This shift in sentiment could signal a point of capitulation, where prices may be pumped up by key stakeholders once retail sells off.

Selling pressure in the market is coming from recent Bitcoin buyers looking to take profits. These speculators are fearing that the cycle has peaked, but long-term holders with conviction are taking advantage of the situation. Experts believe that 2025 will be a great year for crypto, as more diamond-handed holders take charge.

Read more at Cointelegraph: Crypto Market Faces Extreme Fear, but Patient Traders Accumulate