Santiment: High Bearish Sentiment and Retail Investors Holding Back, Bitcoin Price Rebound More Likely

Odaily News Santiment posted on platform X, stating that after Bitcoin rebounded from last week's drop to $60,000, social data shows the number of bearish posts in the market remains significantly higher than bullish posts. Due to the persistently pessimistic market sentiment, data indicates that retail investors are hesitant to buy at current price levels, while key BTC stakeholders are buying with little resistance. Historical experience suggests that when market panic is high, the likelihood of a price rebound is greater.