Does Bitcoin still have room to fall? Let's see if social media sentiment can confirm the bottom.

[On-chain Data] A founder of a well-known on-chain data analysis platform recently put forward a viewpoint: there is currently not enough panic among traders on social media. What does this mean? Simply put—it suggests that the market bottom may not have been reached yet. According to this analyst's assessment, Bitcoin may still fall to around $75,000.

Interestingly, many people always want to find the exact signal of the bottom. However, from the perspective of social sentiment, the current level of pessimism does not seem deep enough. In other words, the real panic consensus has not yet fully formed. This usually means that the psychological defenses of market participants may still be further broken.

Of course, this is just one opinion based on emotional indicators. Whether it will actually fall to that price level depends on subsequent market trends. However, this viewpoint does give us a reference angle: paying attention to the panic sentiment on social media may be more indicative of the true bottom signal than looking at technical indicators.