Bitcoin Plunges To $107,000: Did Retail Hype Bite Back?

Description

Bitcoin has seen a retrace to $107,000 shortly after social media sentiment reached its highest in months. Did retail FOMO act as a contrarian signal? Bitcoin Positive/Negative Sentiment Recently Observed A Sharp Spike In a post on X on Wednesday, the analytics firm Santiment discussed how the mood was around Bitcoin on the major social media platforms, based on the Positive/Negative Sentiment metric. The Positive/Negative Sentiment tells us, as its name suggests, how the positive and negative c...