The latest Nodiens Market Research Report offers a sharp look at how sentiment drives crypto prices. By analysing social media data and overlaying it with market indicators, Nodiens shows that even modest mood shifts can trigger outsized price movements.
During the October–December 2024 rally, coins like Hedera (HBAR), Cardano (ADA) and Chianlink (LINK) turned small mood gains (+3% to +9%) into major price increases of (+9% to +21%).
The study used the Nodiens Mood Index and Bull Bear Power (BBP) to track market psychology and price momentum across 65 top assets. The report reveals that mood-driven assets significantly outperformed during bullish conditions, highlighting the value of sentiment analysis in crypto trading.
Three asset clusters emerged:
- Sentiment-Leverage Leaders (e.g. HBAR, DOT, XRP): strong mood and price gains
- Followers (e.g. ETH, SOL): modest mood and price gains
- Divergents (e.g. BNB, TRX): price rose despite negative sentiment
To understand sentiment at the macro level, Nodiens applies the Bull Bear Power (BBP) indicator to the Total Crypto Market-Cap Index, a liquidity-weighted benchmark tracking the top 125 coins.
This approach transforms price movements into a colour-coded signal of market strength, revealing clear transitions between bullish, bearish and consolidation phases. From October 2024 to May 2025, the BBP overlay cleanly captures the shift from optimism to uncertainty to sustained sell-off, offering a powerful lens on momentum across the entire crypto asset class.
Read the full report here.
.png)
