BNC Weekly Bitcoin Twitter Statistics: 24th March
With sentiment continuing to be a significant factor in the price and momentum of digital assets, Brave New Coin's weekly Bitcoin ‘Twitter Sentiment’ infographic provides at-a-glance insight into the dominant weekly narrative in Bitcoin’s Twitter-sphere.
BNC Research analyses around 34 million tweets on a weekly basis using language detection AI algorithms – which search for tweets that contain ‘#bitcoin’, ‘bitcoin’, ‘$BTC’, ‘BTC’ and a few other key bitcoin related phrases in the body of the tweet.
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.
Opinion Tweets total (last week)= 43509314
Onchain Tweets total (last week)= 25035209
Technical Tweets total (last week)= 33433992
Ad Tweets total (last week)= 18226424
Bot Tweets total (last week)= 12300702
Hack event Tweets total (last week)= 3932793
Macro Tweets total (last week)= 7900398
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