On April 5, the cryptocurrency market research institution Santiment said that Bitcoin’s recent bearish discussions on social media reached the highest level in five weeks. This Saturday, the ratio of bullish to bearish social commentary related to Bitcoin was 0.81, about 5 bearish comments for every 4 bullish ones—this was the lowest since February 28, reflecting a clear rise in fear, uncertainty, and doubt (FUD) sentiment in the community.

Santiment analysts noted that high levels of FUD often signal a potential market reversal, because the crypto market tends to move opposite to what the public expects. The surge in bearish sentiment is instead viewed as a potentially positive sign, suggesting that prices may “recover sooner than expected.” $BTC