Bitcoin social media discussions accounted for 43%, analysts warn of short-term pullback risks.

According to ChainCatcher news and a report by Cointelegraph, data from the market analysis platform Santiment shows that Bitcoin accounts for 43.06% of discussions on cryptocurrency social media, reaching a historic high. Analysts point out that such high activity is often accompanied by short-term price pullbacks, advising investors to wait for market sentiment to cool down before seeking get on board opportunities. Despite Bitcoin’s price recently reaching an all-time high of $123,100, some analysts believe that there are no overheating signals in the market yet. CryptoQuant analysts point out that typical market peak indicators have not yet appeared, suggesting that the upward trend may continue.