The analytical platform Santiment warns that when the market expects a bottom to be formed, it… usually does not get one. Bitcoin may therefore drop even further before we see a real rebound.
Santiment: true bottoms do not appear when most are watching for them.
The recent drops may be related to the panic surrounding ETFs and rumors about Michael Saylor selling BTC.
Will bitcoin drop even lower?
Santiment in a new report emphasizes that the cryptocurrency market rarely behaves according to crowd predictions. The company warns against too much certainty in determining a local bottom: true lows often occur only when most investors expect further declines.
Currently, the market is highly divided - some are counting on a rebound, while others expect it to drop even below 90,000 USD. Although individuals like Arthur Hayes and Tom Lee talk about the potential for growth to 200,000 USD, this scenario seems more realistic only in 2026.
The last tremor was said to be caused by rumors of the alleged sale of BTC by Strategy. Mentions of 'Saylor' indeed skyrocketed on social media, however, Michael Saylor himself firmly denied the sale.
At the same time, $1,170,000,000 flowed out of American ETFs in three days, which Santiment interprets as... potentially a positive signal. Historically, large outflows often coincided with local minima triggered by retail investor panic.
