The latest Nodiens Market Research Report (October 2025) explores how emotion-driven behaviour shapes crypto market activity, and how clustering analysis can make sense of it.
By applying time-series clustering to the Nodiens Mood Index, a proprietary measure of sentiment derived from online community tone and engagement, the team identified three dominant emotional regimes across 67 major crypto assets:
- Panic & Rebound (V): Sharp drops followed by quick recoveries, early signs of reversal and renewed optimism
- Uptrend (Choppy): Broad improvement in sentiment marked by hesitation and volatility
- Steady Drawdown: Sustained emotional fatigue and declining confidence
Nearly half of all tracked assets currently sit in the ‘Uptrend (Choppy)’ cluster, signaling cautious optimism in the market. Meanwhile, a similar proportion remains in the ‘Steady Drawdown’ zone, reflecting persistent pessimism in parts of the ecosystem. The smaller ‘Panic & Rebound’ group points to assets undergoing early-stage sentiment recovery.

Using the K-Shape clustering algorithm, Nodiens groups crypto assets by the ‘shape’ of their 21-day mood trajectory. This approach captures the emotional rhythm of the market, from capitulation to euphoria, rather than simply tracking price.
The analysis demonstrates how behavioural data can provide actionable insights for portfolio diversification, risk monitoring, and tactical timing. For instance, assets in the ‘Panic & Rebound’ cluster may indicate early entry opportunities, while those in the ‘Steady Drawdown’ zone can serve as defensive hedges.
According to the report, sentiment clustering converts unstructured social data into clear, measurable signals. When observed over time, these sentiment patterns can indicate shifts in market psychology and often appear before major structural changes.
The findings underscore Nodiens’ mission to combine behavioural intelligence with quantitative analytics, equipping investors, researchers, and ecosystem builders with tools to understand not just what the market is doing, but also looking into how it feels.
Read the full report here.


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