Bitcoin retail traders have shifted to a bearish sentiment over the past month, according to social data from Santiment. Between August 23 and September 23, 2025, discussions among traders increasingly favored price targets between $70,000 and $100,000, while optimism for higher targets of $130,000 to $160,000 has diminished. On September 23, Bitcoin was trading near $65,000, coinciding with a surge in bearish sentiment, which some analysts suggest could indicate a market bottom.