Santiment’s crypto-sensation platform says that social media negativity towards Bitcoin is now at its highest point since the beginning of February.
“FUD has crept back in with the community showing a key lack of optimism,” Santiment said On Saturday I posted an X on my Facebook page, which added the following: “usually a common ingredient for prices rebounding.”
This data is derived from social media profiles that are focused on crypto and measures the ratio between bullish Bitcoin to bearish Bitcoin.BTCX comments, Reddit and other platforms on social media.
Move the Markets “opposite direction,” Santiment
The ratio of Bitcoin bullish comments to those that are bearish was 0.81 on Saturday. This is the lowest it has been since February 28.
When making buying or selling decisions, Bitcoin owners often consider the broader sentiment of the market. When the market sentiment is negative, many traders expect further downside. However, when it becomes more positive, they start expecting even greater upside.
Santiment, however, said that the market moves often in the opposite direction. “Markets typically move in the opposite direction of the crowd’s expectations,” Santiment said. “A high level of FUD like this is a good sign that things can turn positive sooner rather than later,” Santiment added
Bitcoin was trading at $67,000 at the time this article went to press, down 5.53 percent over the last 30 days. according CoinMarketCap is a great place to start.
Santiment cited the US CLARITY Act as an example of a possible threat. The crypto industry has been closely watching this piece of legislation. “what-if” Bitcoin price is being held back by a catalyst.
Bitcoin market sentiment remains in “Extreme Fear”
Paul Grewal, the chief legal officer of Coinbase, spoke on Wednesday. said the legislation It is a good idea to use a bilingual translator “moving toward” If the senators are able to resolve their disagreement over the yield of stablecoins and set up a hearing, they could move on to the floor vote.
Related: Rich Bitcoin traders lost $337M daily in first quarter of 2026
Investors are also cautious about the market.
The Crypto Fear & Greed IndexThe overall sentiment of the crypto-market, as measured by, is still within acceptable limits. “Extreme Fear” On Sunday, the team scored 12 points in territory.
Magazine: Bitcoin 85% crashes ‘done,’ CLARITY Act speculation mounts: Hodler’s Digest, Mar. 29 – April 4
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Source: cointelegraph.com
