CryptoQuant: The consensus in the crypto market has turned bearish, which may indicate an impending reversal

According to CryptoQuant analyst @Darkfost_Coc, based on the market sentiment index (which is derived from media articles, X platform data, and several other sentiment indicators), the current market consensus has turned bearish.

@Darkfost_Coc believes that when a common consensus is formed, the market often reverses, proving that the majority are wrong. The chart illustrates this situation during the periods from July to October 2024 and from February to April 2025.

@Darkfost_Coc also stated that the "index pessimism" phase may last for a while, especially when the market enters a prolonged bear market. The current market has only just entered this phase since early November, and although the indicator tends to lean bullish, it is crucial to remain cautious and patient in a bear market environment.