BlockBeats message, April 5, crypto market research firm Santiment said that recent bearish discussions about Bitcoin on social media reached the highest level in five weeks. This past Saturday, the ratio of bullish to bearish in Bitcoin-related social commentary was 0.81, or about 4 bullish posts for every 5 bearish ones. This is the lowest since February 28, reflecting a clear rise in fear, uncertainty, and doubt (FUD) sentiment within the community,
Santiment analysts noted that high levels of FUD often indicate a possible market reversal, because the crypto market tends to move counter to public expectations. The surge in bearish sentiment is instead seen as a potentially positive signal, with the price possibly improving 「sooner than expected」.
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