Santiment, a cryptocurrency sentiment analysis platform, has highlighted a significant increase in retail investor panic and fear, uncertainty, and doubt (FUD), which could lead to a market reversal. The platform noted that while increased Bitcoin discussions on social media do not confirm a market bottom, they do raise the chances of a reversal. This observation follows Bitcoin's price drop below $95,000 last Friday, which triggered the highest level of related discussions in four months.
Santiment Warns of Elevated Retail Panic and Potential Market Reversal
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