“Uptober” fever has been waning on social media as crypto markets shed $200 billion since the start of October, according to Santiment.
Bullish crypto sentiment for the month of October, which has been dubbed “Uptober” on social media, has been waning as markets continue to retreat.
Onchain analytics provider Santiment noted that mentions of “Uptober” have declined significantly since the beginning of the month, in an X post on Oct. 4.
It added that traders have become bearish on the idea that this month will be an “automatic money printer for crypto.” Social media has instead been awash with memes and mentions of “Selltober” and “Octobear.”
