Crypto Market Anticipates Potential November Rally Amid Fearful Sentiment

According to Cointelegraph, the cryptocurrency market may experience an "unexpected November rally" as traders exhibit increasing fear, potentially leading to a shift of assets from weaker holders to long-term investors. Social media discussions about Bitcoin (BTC) are evenly divided between optimistic and pessimistic views, while Ether (ETH) shows slightly more bullish sentiment. However, XRP (XRP) is facing one of the most "fearful moments of 2025," with less than half of social media comments expressing optimism. The overall sentiment in the crypto market remains apprehensive, influenced by various macroeconomic factors. Analysts suggest that traders are moving towards assets with clearer exposure to economic policies and credit flows, especially as the end of the U.S. Government shutdown approaches. The Crypto Fear & Greed Index, which measures market sentiment, recorded a score of 15 out of 100 on Thursday, indicating "extreme fear," the lowest level since February. Joe Consorti, head of Bitcoin growth at Horizon, noted that the current sentiment mirrors that of 2022 when Bitcoin was valued around $18,000, referencing data from Glassnode. Despite the prevailing negative sentiment, Santiment suggests that this could be "welcomed news for the patient," potentially fueling an "unexpected November rally." The presence of diamond-handed holders ready to acquire assets sold by weaker hands could lead to a market rebound. Santiment emphasized that when the crowd becomes negative on major crypto assets, it signals a potential point of capitulation. Once retail investors sell off, key stakeholders often purchase the dropped coins, leading to price increases. Samson Mow, founder of Bitcoin technology infrastructure company Jan3, shared a similar perspective, asserting that the Bitcoin bull run has yet to commence. He believes that "newish buyers" are primarily responsible for selling, while traders with long-term holding strategies are using the opportunity to accumulate more crypto. Mow argues that the selling pressure originates from individuals who acquired Bitcoin in the last 12 to 18 months and are taking profits due to concerns about a potential peak in the cycle. He describes these sellers as speculators rather than principled Bitcoin buyers, noting that this cohort is diminishing as HODLers with conviction acquire their coins. Mow remains optimistic about the future, suggesting that 2026 will be a promising year for the crypto market.