Santiment: Bitcoin Rebound Fails to Mask Market Panic, Probability of Continued Rebound May Increase
BlockBeats News, on February 11, crypto market analytics firm Santiment posted on social media that Bitcoin has rebounded from last weekend’s plunge to $60,000. According to social media data analysis, the proportion of bearish comments in the market remains high compared to bullish sentiment. While retail investors generally remain pessimistic, data shows that ordinary investors still dare not buy at the current price level, whereas key BTC large holders are able to accumulate positions with almost no resistance. Historically, when market panic is high, the probability of a price rebound often increases significantly.
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