Bitcoin’s market value plunged 46% to $126,000 in the early years of 2026. all-time high Briefly, dipping Below $61,000 in February 6
This drop erased more than $1 trillion of market value, prompting headlines that warned about a crypto-defining moment. The social media was flooded with comments, but most crypto holders chose to remain on the sidelines.
Oobit’s survey of 1,006 American Bitcoin users and its sentiment analysis of posts from 117,630 subreddits across 10 main crypto subreddits reveal that the fear of losing bitcoins did not result in widespread selling.
The most common emotional reactions were anxiety and hope, as 39% of holders reported experiencing anxiety and 38% feeling hopeful.
The community calls this “the ‘no-sale rule. “diamond hands.” Only 8% are classified as panic buyers.
72% of holders who were anxious still planned to keep their shares, while 64% expressed the exact same intention.
In general, 75% of respondents would hold their Bitcoins even if the price continued to drop. According to the survey, fear and optimism often go hand in hand: 86% reported feeling both while holding Bitcoin. survey.
Bitcoin recovery is on the way
Investors also expect a recovery. In the next 12 months, two-thirds (66%) believe that Bitcoin will reach an all-time record high.
Gen Zers had higher expectations than baby boomers, at 70%. The high-income holders (over $100,000) expected a price median of $80,000 while those with less than $100,000 predicted $72,000.
In addition to opportunistic purchasing, the market also exhibited a downturn-related behavior. About 25% of Bitcoin owners bought Bitcoins during the downturn, but younger investors and those with higher incomes were most active.
Reddit’s sentiment was similar to the findings of the survey. Positive sentiment was nearly 2 to 1 in 117,630 comments.
Bitcoin price recovery was faster than sentiment. On February 12 the bitcoin market rebounded from $66,221 to $67,221. Online sentiment was still behind this level and reflected ongoing emotional processing by holders.
During a downturn, sentiment volatility is roughly one third that of the price volatility.
Bitcoin has been a popular cryptocurrency for a while now. trading at $70,400 The stock briefly traded above $75,000 on Thursday.
Bitcoin dropped below $70,000 yesterday and traded at $69,500. The dollar strengthened and the risk assets fell as a result of rising energy costs and Federal Reserve’s firm stance.
Brent crude surpassed $114 a barrel in the Middle East amid tensions. The market weakened and Bitcoin fell by 4% over a 24-hour period.
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Source: bitcoinmagazine.com
