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Are Bitcoin OGs Influenced by Market Sentiment?

Inside Adam Back’s sentiment cycles

When I first started digging into sentiment data, one question kept coming up:

Do experienced Bitcoiners actually feel the market differently than the rest of us?

So I went and pulled a large dataset of OGs and started comparing their behavior to the average Bitcoiner… looking at how their language shifts across cycles, not just what they say outright.

Adam Back stood out immediately.

Not because of when he’s most optimistic, but rather, because of how his tone changes during periods of stress, debate, and noise in the ecosystem.

Embedded in his actions are some lessons the rest of us can take away when thinking about our own relationship to Bitcoin.

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