Santiment: Surge in Negative Social Media Sentiment May Indicate Continued Rebound

PANews February 3 News, according to Santiment monitoring, Bitcoin has fallen 16% since January 28, reaching a low of $74,600, and has now rebounded to $78,300. Santiment pointed out that this rebound is related to retail investor selling, further confirming that market trends are often contrary to public sentiment. Additionally, negative sentiment about cryptocurrencies on social media has surged, with retail investor sentiment reaching its most pessimistic level since the market crash in November 2021. This is the most pessimistic period for retail sentiment since the crash on November 21. Usually, after experiencing such significant negative emotions, a rebound occurs. So far, this rebound looks encouraging and is similar to the previous two rebounds that occurred after panic sentiment spread.