According to Mihir (@RhythmicAnalyst) on Twitter, the 'Poison' meme is gaining rapid traction within crypto trading circles, signaling heightened caution and bearish sentiment among traders (source: Twitter, May 7, 2025). The widespread use of this meme reflects a collective wariness around current market conditions, potentially influencing short-term trading strategies and risk management decisions. Traders are increasingly referencing such viral content as a sentiment gauge, which can lead to increased volatility and swift position adjustments in major cryptocurrencies.

According to @godbole17, the Nasdaq is experiencing a defensive phase, evidenced by a 1.7% decline on Monday, following a pattern similar to Bitcoin's double top. The market is showing strong bearish signals with consecutive large red candles and negligible shadows, indicating complete seller dominance.

According to Crypto Rover, there is a strong negative sentiment towards an unspecified cryptocurrency, suggesting an urgency to 'send it to zero.' This indicates potential bearish trading signals for traders to consider. However, without specific asset details, further analysis is required for informed trading decisions.