Social Media Fear Drives Bitcoin’s Price: Santiment Report

Description

Social media sentiment influences Bitcoin’s price, with fear leading to upward movement. Bitcoin wallet inflows suggest growing investor confidence and strong demand. Active wallets increasingly signal bullish market sentiment as Bitcoin nears $100K. Beware the hype on social media. New data from Santiment reveals a concerning correlation between Bitcoin’s price and the emotions of retail traders. This correlation is evident in the $90K-$99K, $100K-$109K, and $110K-$119K price ranges. When Bitco...