"Santiment said rising bearish bitcoin sentiment historically signals stronger rebound potential for BTC. Retail traders pushed BTC commentary into a FUD Zone as prices hovered near $76,000. Social platform data showed bearish sentiment rising as rebound odds improved. Bitcoin traded near $77,000 around 5:36 p.m. after briefly dipping toward $76,000 on May 18, triggering a rise in bearish social media commentary tied to BTC, Santiment stated in a post on social media platform X."
"The market intelligence platform reported that negative bitcoin discussions outpaced bullish commentary for the first time since April 21. Data shared by the firm tracked shifts in retail sentiment across social platforms alongside BTC price movement during the recent decline. Santiment's chart compared bitcoin price action with positive and negative commentary volumes collected through its platform. Bullish sentiment weakened as BTC moved lower over several days. A positive-to-negative sentiment ratio indicator also dropped below 1.0, reflecting more bearish comments than optimistic ones across social media discussions."
"The firm labeled that range as a FUD Zone, contrasting it with a higher FOMO Zone tied to stronger bullish activity. BTC sentiment readings had remained above bearish territory during most of the previous four weeks before the latest downturn. Santiment asserted: Since crypto historically moves opposite to the crowd's expectations, this level of bearishness from retail is a great sign. The analytics firm linked the recent sentiment decline to growing fear among smaller traders reacting to bitcoin's retreat."
Bitcoin traded around $77,000 after dipping toward $76,000, with social media bearish commentary increasing as prices hovered near that level. Negative retail discussions outpaced bullish commentary for the first time since April 21, while bullish sentiment weakened as BTC moved lower over several days. A positive-to-negative sentiment ratio fell below 1.0, indicating more bearish than optimistic posts across social platforms. The bearish range was labeled a FUD Zone, contrasted with a higher FOMO Zone tied to stronger bullish activity. Sentiment readings had stayed above bearish territory for most of the prior four weeks before the downturn. Retail fear was linked to short-term pullbacks, which historically coincide with market stabilization and rebounds.
Read at news.bitcoin.com
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