Headline: Social sentiment around Bitcoin stays deeply bearish even as price recovers Despite Bitcoin’s recent price bounce, social-media sentiment remains firmly negative — a dichotomy flagged by on-chain analytics firm Santiment. What Santiment found - In a post on X, Santiment tracked Bitcoin’s Positive/Negative Sentiment metric, which gauges the balance of bullish vs. bearish posts across major social platforms. - The metric applies a machine‑learning model to classify posts that mention Bitcoin as positive or negative, then reports the ratio. Values above 1 indicate more bullish chatter; values below 1 indicate dominant bearishness. How sentiment moved with price - The sentiment ratio climbed during Bitcoin’s January rally, signaling growing retail optimism — a period Santiment characterizes as crowd “greed.” - That optimism coincided with a market top and a subsequent pullback that pushed BTC down toward the $60,000 level. As prices slid, the sentiment indicator tumbled and fear became the dominant tone online. - Notably, even after Bitcoin climbed back into the high $60,000s, social sentiment has remained muted. Santiment observes that “Historically, while FUD is high, price rebounds have a heightened probability,” highlighting a frequently seen contrarian pattern: price often moves against prevailing crowd expectations. Why this matters - Persistent negative sentiment amid a price recovery suggests retail traders remain cautious or skeptical; contrarian investors often watch these sentiment indicators for signals of potential continuation or exhaustion. - The disconnect between price action and social mood underscores how market psychology can lag or diverge from fundamentals and technicals. Related market note - Capriole Investments founder Charles Edwards flagged a recent dip in the combined USDT and USDC market cap on X, noting that stablecoin market caps have historically fallen during bear markets. The trend could signal capital rotation out of the stablecoin side of the market if it continues. Current price snapshot - Bitcoin briefly reclaimed the $70,000 mark earlier in the recovery but has since retraced and is trading around $67,700. Bottom line: Social feeds are still fearful even as Bitcoin recovers — a dynamic that historically has coincided with higher odds of further rebounds, but which also highlights continued fragility in market sentiment. Read more AI-generated news on: undefined/news