[Santiment: If BTC Returns to $79,000 Amid Bearish Sentiment, It May Contradict Retail Investor Expectations] BlockBeats reported on November 4th that on-chain data platform Santiment stated that the sentiment in the Bitcoin and most altcoin communities has completely reversed within two weeks. On October 20th, bullish comments for BTC were approximately 1.8 times that of bearish comments, subsequently turning bearish as prices fell. After news of the Binance hot wallet theft broke at the end of October, the bullish/bearish ratio briefly dropped to around 0.37. After a brief recovery in sentiment, with preliminary results from the US midterm elections indicating a potential Democratic majority in both houses of Congress, bearish comments have regained dominance, and the current bullish/bearish ratio has fallen back to around 0.51. Santiment points out that many retail investors view the Republican Party as having more favorable crypto policies, and the election results are bringing new selling pressure. Santiment believes that retail investor panic can often serve as a contrarian indicator; in the days following the midterm election results, attention should be paid to a "sell the rumor, buy the fact" reaction. If BTC manages to climb back above $79,000 while retail investors remain bearish, it would be a strong signal that the price is starting to move against their expectations. [Original Link]