Bitcoin Market Sentiment Remains Bearish Despite Price Recovery

Santiment reported on the X platform that despite Bitcoin's rebound from last week's drop to $60,000, social data indicates that bearish posts continue to outnumber bullish ones. According to Odaily, the market sentiment remains pessimistic, with retail investors hesitant to buy at current prices, while key BTC stakeholders are purchasing with minimal resistance. Historically, heightened market panic often increases the likelihood of a price rebound.