PANews reported on February 7 that, according to analyst @alicharts citing Santiment data, the Bitcoin social sentiment index has reached a nearly four-year lowPANews reported on February 7 that, according to analyst @alicharts citing Santiment data, the Bitcoin social sentiment index has reached a nearly four-year low
Bitcoin's social sentiment index fell to a four-year low, with the price near its 200-week moving average.
PANews reported on February 7 that, according to analyst @alicharts citing Santiment data, the Bitcoin social sentiment index has reached a nearly four-year low, indicating that retail investor panic has peaked.
In addition, from a technical perspective, Bitcoin is approaching the 200-week moving average (currently at $58,000), a level that has served as a bottom and accumulation zone for bear markets multiple times over the past 12 years.
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