Bearish sentiment towards Bitcoin on social media has reached a five-week high, according to data from Santiment. The ratio of bullish to bearish comments stands at 0.81, indicating a prevalence of negative sentiment. This trend often precedes market rebounds, as markets tend to move contrary to public sentiment.
The Crypto Fear & Greed Index remains in the "extreme fear" range at 12, reflecting ongoing market apprehension. Bitcoin is currently priced at $67,100, marking a 5.53% decline over the past 30 days.
Bitcoin Social Media Sentiment Turns Bearish Amid Price Decline
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
