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Bitcoin social sentiment drops to yearly low, signaling BTC breakout

Following the 10% correction, social media sentiment around Bitcoin fell to its lowest level of 2024, to an average ratio of four to five positive versus negative Bitcoin-related comments.

However, this low retail investor sentiment could be a sign of an incoming Bitcoin breakout, wrote market intelligence platform Santiment, in a Dec. 22 X post:

“Vocal traders are now showing severe FUD, and that's good news for contrarians who know markets move in the opposite direction of retail's expectations.”

Read More:

Bitcoin social sentiment drops to yearly low, signaling BTC breakout

Following the 10% correction, social media sentiment around Bitcoin fell to its lowest level of 2024, to an average ratio of four to five positive versus negative Bitcoin-related comments.

However, this low retail investor sentiment could be a sign of an incoming Bitcoin breakout, wrote market intelligence platform Santiment, in a Dec. 22 X post:

“Vocal traders are now showing severe FUD, and that's good news for contrarians who know markets move in the opposite direction of retail's expectations.”

Read More: https://cointelegraph.com/news/bitcoin-social-sentiment-drops-yearly-low-signaling-btc-breakout