Santiment: Retail Sentiment Enters Extreme Fear Territory, Market May See a Technical Rebound
BlockBeats News, February 2nd, Cryptocurrency market research firm Santiment posted on social media today, stating that since January 28th, Bitcoin has dropped by 16%, with social media flooded with FUD (Fear, Uncertainty, Doubt) sentiment. After dropping to a low of $74,600, BTC has rebounded to $78,300 due to retail panic selling. This once again proves that market trends often go against popular narratives.
Negative comments about cryptocurrency continue to emerge, and social data shows that the current retail sentiment's pessimism has surpassed any period since the crash on November 21st last year. In most cases, after experiencing such a significant negative sentiment impact, the market usually sees a technical rebound. So far, this rebound has encouragingly shown a similar trend to the previous two FUD events.
You may also like

The other side of Musk's trillion-dollar fortune: 85% cannot be sold

The U.S. government prohibits foreigners from using Fable 5, Anthropic issues a rebuttal

Citibank releases "2030 Asset Tokenization Market Outlook": 6 major trends may create a $8.2 trillion market

The trillion-dollar valuation test: Are the three major super IPOs a celebration for tech stocks or a nightmare for the crypto market?

Morning Report | Digital Asset completes $355 million financing led by a16z Crypto; Meta completes operational separation from Manus

a16z Crypto Partner: Cash flow is the moat

Cryptocurrency market makers collectively seek change as it becomes increasingly difficult to make money

How TradeXYZ, xStocks, and Alpaca break down the SpaceX IPO into three different strategies

$75 billion in risk asset redistribution: How will SpaceX's IPO affect U.S. stocks and Bitcoin?

Why Is BlackRock Investing $5 Billion in the SpaceX IPO?

Morning News | CME Group launches Nasdaq Cryptocurrency Index futures; Asset management giant Janus Henderson strategically invests in Ethena

Bitcoin Layer 2 Network Botanix: Why Did We Choose to Dissolve?

Why did Oracle deliver the strongest financial report in history, yet its stock price fell?

When the P2P illicit funds from ten years ago turned into 60,000 bitcoins

Dialogue with OmenX Founder: Why does the prediction market need an evolution from "spot" to "derivatives"?

Galaxy in-depth report: Is Solana still worth paying attention to?

Young people in South Korea make a "final effort" in the epic bull market





