Contrarian bulls might find comfort as Santiment indicates 'extreme negative' sentiment towards Bitcoin, predicting potential bounces from trader fatigue and whale accumulation.
Santiment's Weighted Sentiment Index reflects negative crowd perception of Bitcoin since May 23, with a -0.73 reading on Friday, suggesting continued bearish sentiment.
Google Trends data indicates decreasing retail interest in Bitcoin since March 2024, influencing the declining prices amidst large holders' sales, dollar strength, and investor money diverting to the U.S. technology market.
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