Santiment: Retail investor sentiment drops to "extreme panic," Bitcoin price may rebound

ChainCatcher message: Santiment posted on the X platform saying that Bitcoin’s price has fallen to a low of $65,600 for the first time since March 1, and that retail traders’ sentiment has dropped to “extreme panic.”

Based on past experience, collective panic sentiment is often a necessary factor for a rebound, because market movements usually run counter to what the general public expects.

Given that uncertainty about the war remains very high, while optimism about price declines is still subdued, the price may rebound.

BTC1.16%
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