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Santiment: Retail Sentiment Hits 'Extreme Fear,' Bitcoin Price May Rebound
Santiment posted on X, stating that the Bitcoin price has fallen to a low of $65,600 for the first time since March 1st, and the sentiment among retail traders has dropped to ‘extreme fear.’ Historically, widespread panic often serves as a necessary condition for a rebound, as market movements typically move contrary to mass expectations. Given the continued high uncertainty surrounding the war and persistently low optimism about price declines, a rebound in price is possible.