Bitcoin Social Media Bearish Sentiment Hits 5-Week High

According to Odaily, Santiment indicates that bearish commentary about Bitcoin on social media has climbed to a 5-week high. Data shows that the ratio of bullish to bearish Bitcoin comments is 0.81, meaning for every 4 bullish comments, there are approximately 5 bearish ones. Santiment points out that markets often move opposite to the general public's expectations, and such high levels of FUD sentiment are typically a common precursor to price rebounds, potentially signaling a price recovery sooner than anticipated. Furthermore, the Crypto Fear & Greed Index scored 12 on Sunday, remaining in the "Extreme Fear" zone. Bitcoin's current price is $67,100, down 5.53% over the past 30 days.