Crypto Crowd Conviction Surges Before July FOMC, Santiment Data Points to June Repeat

Fear of a rate hike is not supposed to peak when the Fed is widely expected to hold, but that is exactly what Santiment’s social chatter data is showing ahead of the July 28–29 FOMC meeting.

According to a Santiment update, the volume of crowd talk around a potential hike has climbed steeply, echoing a surge last seen in mid-June just before Chair Kevin Warsh’s first decision.

That prior move fizzled when the Federal Open Market Committee left rates untouched at 3.50% to 3.75%.

Santiment tracks crypto-specific social chatter across Telegram, Reddit, X, and trading forums to measure crowd conviction around the three possible outcomes: rate hikes, rate cuts, and a hold.