Santiment: Retail Crypto Sentiment Turns Extremely Bearish After Bitcoin Slips Below $113K

Market analytics firm Santiment reported that retail crypto traders have turned extremely bearish after Bitcoin (BTC) fell below $113,000, marking its lowest point in over two weeks. The sharp downturn in sentiment follows BTC’s failure to sustain a rebound after retreating from its recent all-time high.According to BlockBeats, Santiment data shows that the bearish shift over the past 24 hours is the most negative retail outlook since June 22, when fears of escalating geopolitical conflict triggered a broad crypto sell-off.Despite the gloomy sentiment, Santiment highlighted that such conditions have historically created contrarian buying opportunities. Extreme pessimism in the market often precedes trend reversals, as retail investors typically sell into fear while long-term holders accumulate.“Historically, extreme pessimism often provides patient investors with opportunities to buy at the bottom or increase their positions, and market trends usually go against public expectations,” Santiment said.The data suggests that while short-term sentiment has deteriorated, the broader market may be setting up for a potential bounce or reversal in the coming days.