Santiment: the level of FUD has reached a maximum in over two months

While the cryptocurrency market is in a bit of a lull, traders are showing signs of impatience and bearish sentiment. This was stated by experts from Santiment.

According to their data, there is currently only 1.03 “bullish” comments for every one “bearish” comment. Such a ratio has not been observed since the peak of fear, uncertainty, and doubt (FUD) during the initial reaction to the tariffs on April 6, analysts noted, adding that this is usually a “bullish” signal.

Earlier, Matrixport experts stated that Bitcoin should not significantly drop below the level of $105,000-$110,000. Furthermore, they predicted the first cryptocurrency’s rise to $140,000 by the end of summer if the “global liquidity indicator remains stable.”

Recall that in July 2024, Santiment reported that cryptocurrency markets continue to “bleed,” and a historic level of FUD is observed on social media.

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