Santiment Tool Tracks Negative Sentiment and Open Interest in Crypto Market

The cryptocurrency market is known for its high volatility, making it essential for traders to stay ahead of key indicators like open interest and market sentiment.

Santiment's on-chain and social metrics platform provides a tool that tracks the relationship between negative sentiment and open interest in real-time.

This data can be used to identify potential price reversals or volatility spikes, helping traders make informed decisions.

When negative sentiment surges while open interest climbs, it might indicate overleveraged positions that could lead to liquidations, creating buying opportunities for savvy traders.