According to a tweet from crypto research firm Santiment: Bitcoin market sentiment has shifted from "when will it rebound" to "how low can it go." Santiment data shows that when social media discussions focus on the $50,000-$60,000 range, the market is in a state of fear; while discussions around $90,000-$100,000 reflect greed. Since the market often moves counter to public expectations, the likelihood of a short-term rebound is increasing as retail investors generally believe Bitcoin will fall below $60,000.
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According to a tweet from crypto research firm Santiment: Bitcoin market sentiment has shifted from "when will it rebound" to "how low can it go." Santiment data shows that when social media discussions focus on the $50,000-$60,000 range, the market is in a state of fear; while discussions around $90,000-$100,000 reflect greed. Since the market often moves counter to public expectations, the likelihood of a short-term rebound is increasing as retail investors generally believe Bitcoin will fall below $60,000.