Crypto Twitter Sentiment: How Traders Can Use CT for Countertrading and Market Analysis



The cryptocurrency market is often influenced by sentiment on platforms like Crypto Twitter (CT), but relying on it for trading directionality can be a risky move. A recent tweet by Miles Deutscher, a well-known crypto analyst, on May 19, 2025, highlighted this concern, stating that CT tends to 'echo the daily candle' rather than provide predictive insights. Instead, it serves as a valuable tool to gauge market sentiment and occasionally countertrade prevailing narratives. This perspective resonates with many traders who monitor social media for emotional cues but warns against letting such platforms dictate trading strategies. For context, the crypto market on May 19, 2025, saw Bitcoin (BTC) trading at approximately $68,500 at 10:00 UTC, with a 24-hour gain of 1.2%, according to data from CoinMarketCap.