Bitcoin social media bearish sentiment hits 5-week high

robot
Abstract generation in progress

ME News update: On April 5th (UTC+8), Santiment said that bearish comments about Bitcoin on social media have risen to a 5-week high. Data shows that the ratio of bullish to bearish comments on Bitcoin is 0.81, meaning about 5 bearish comments for every 4 bullish comments. Santiment noted that markets typically move in the opposite direction of public expectations, and such high levels of FUD sentiment are often a common factor in price rebounds, which may indicate that prices could recover faster than expected. In addition, the cryptocurrency Fear and Greed Index scored 12 on Sunday, remaining in the extreme fear zone. Bitcoin is currently priced at $67,100, down 5.53% over the past 30 days. (Source: ODAILY)

BTC0,92%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin