ADVERTISEMENT
Advertise with BNC

BNC launches Bitcoin ‘Twitter Sentiment’ data

With sentiment continuing to be a significant factor in the price and momentum of digital assets, Brave New Coin has launched a weekly Bitcoin ‘Twitter Sentiment’ infographic - providing at-a-glance insight into the dominant weekly narrative in Bitcoin’s Twitter-sphere.

Launching this week, the Bitcoin sentiment data is a result of 18 months of work by BNC Research. Over 34 million tweets are analysed on a weekly basis by BNC’s language detection AI algorithms which search for tweets that contain ‘#bitcoin’, ‘bitcoin’, ‘$BTC’, ‘BTC’ and a few other key phrases in the body of the tweet.

Bitcoin Twitter Sentiment Infographic

*40 million tweets boiled down to a single infographic *

The results are then characterized as falling into one of seven categories.

Opinion: Tweets with ‘opinion’ words but few theoretical insights.

Technical: Broadly the Technical Analysis category.

Onchain: Tweets covering subjects like mining, hashrate, stock-to-flow etc.

Ad: Promotional tweets. Typically connected to exchanges and crypto sector companies self-promoting.

Bots: Tweets not sent by humans. Often tied to scams and giveaways.

Macro: Tweets by governments, major banks and similar institutions. Macro-type statements with the ability to impact sentiment.

Hack events: Tweets discussing hacks or network fork issues.

BNC spokesperson Pierre Ansaldi says the company will roll out sentiment analysis for several other major digital assets during Q1 2020.


ADVERTISE WITH BRAVE NEW COIN

BNC AdvertisingPlanning your 2024 crypto-media spend? Brave New Coin’s combined website, podcast, newsletters and YouTube channel deliver over 500,000 brand impressions a month to engaged crypto fans worldwide.
Don’t miss out – Find out more today


ADVERTISEMENT
Advertise with BNC
BNC Newsletters: A weekly digest of the most important news and analysis.
ADVERTISEMENT
Advertise with BNC
Submit an event on bravenewcoin.com
Latest Insights More
ADVERTISEMENT
Advertise with BNC