Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    6 Best Crypto Arbitrage Scanners in 2023

    May 18, 2023

    Feds Target Businessman in Alleged Web of Secret Crypto Deals

    October 26, 2024

    Bitcoin’s average funding rate across four major exchanges dips

    April 2, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Coinbase CEO’s Crypto Regulatory Meetup in London

      June 17, 2025

      Europe wants to knock off China and US in Southeast Asia, but its just not as appealing

      June 16, 2025

      Bybit Launches Byreal DEX – Is This the Start of a DeFi Pivot?

      June 15, 2025

      8,000 Bitcoins awaken after 5 years – Whale strategy or ETF play?

      June 14, 2025

      Bitcoin’s High Euphoria Spurs UK Company’s $4.7 Million Buy

      June 12, 2025
    • Technology

      Comment on Crypto Market Outlook: Bitcoin Reclaims $107K while ETH Climbs to $2.6K by Pump.fun X Account Suspended as X Cracks Down on the platform

      June 17, 2025

      Ripple’s Role Expands as UAE’s Trojena Project Integrates Blockchain and Tokenized Assets

      June 16, 2025

      Ripple And Japan’s Web3 Salon Spark Asia Innovation

      June 15, 2025

      Small caps, big moves: These altcoins outshine Bitcoin

      June 14, 2025

      Comment on Hacker Behind $2M Crypto Hack Offered Role by Targeted Protocol by James Cyrus

      June 13, 2025
    • Learn/Guide

      DayDayCook to raise up to $528 million for Bitcoin treasury expansion

      June 17, 2025

      Justin Sun’s Tron set to go public in US in deal backed by Eric Trump-linked firm: FT

      June 16, 2025

      Bybit to launch Byreal, its first onchain DEX on Solana, on June 30

      June 15, 2025

      Invesco, Galaxy Digital file to launch Solana ETF in Delaware amid SEC approval buzz

      June 14, 2025

      Cardano founder Charles Hoskinson proposes converting $100M ADA to Bitcoin and stablecoins

      June 13, 2025
    • NFTs

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025

      Daizen: Elevating the NFT Multiverse on Apechain Blockchain | NFT CULTURE | NFT News | Web3 Culture

      December 5, 2024
    • Regulation

      SEC Drops Binance Lawsuit: How Regulatory Clarity Could Spark a BNB Price Rally

      May 30, 2025

      Kentucky Governor Signs Off On ‘Bitcoin Rights’ Bill, Strengthening Crypto Protections

      March 31, 2025

      Utah Moves Closer To Bitcoin Reserve As Bill Advances To Senate Standing Committee

      February 23, 2025

      Bitcoin ETFs In Focus As Kansas Senator Proposes Up To 10% Pension Fund Allocation

      January 26, 2025

      MicroStrategy May Face Tax Issues Over $19 Billion Unrealized Bitcoin Gains: Report

      January 25, 2025
    • Business

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024

      Brazil Prepares to Let Tradfi Institutions Embrace Crypto

      November 13, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Bitcoin Investors Sink Into Fear, Time For Rebound?
    News

    Bitcoin Investors Sink Into Fear, Time For Rebound?

    May 20, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Data shows that Bitcoin investors have been showing signs of fearful sentiment as the price of the cryptocurrency has plunged below $27,000.

    Bitcoin Social Dominance Spike Suggests Fear In Market

    According to data from the on-chain analytics firm Santiment, BTC’s social dominance has seen an uplift recently. The “Bitcoin social dominance” is an indicator that measures the percentage of the total discussions involving the top 100 assets by market cap that mention BTC.

    What this metric tells us is how the current interest in BTC among investors compares with that of the altcoins. Historically, high interest in altcoins (meaning that the social dominance of BTC is low) has been a sign of greed in the market.

    Usually, markets gain a higher probability of moving opposite to the wider market sentiment the more the sentiment leans into one particular direction. So, during times of greed, corrections in the prices can become likelier.

    When the social dominance of BTC is high, however, it’s a sign that the interest in BTC is high at the moment. Such market conditions may be linked with the presence of fear, and so, rebounds naturally become more probable to take place.

    Now, here is a chart that shows the trend in Bitcoin’s social dominance over the last few months:

    The value of the metric seems to have been high in recent days | Source: Santiment on Twitter

    In the above graph, Santiment has switched around the social dominance scale and has made the 20% mark the “0” level. According to the analytics firm, this 20% mark serves as a sort of “health line” for the cryptocurrency, meaning that it’s the threshold below which altcoins get dangerous levels of focus.

    From the chart, it’s visible that the social dominance had been negative (that is, below this 20% health line level) during the first couple of months of the rally, which had then culminated in the price observing a plunge below the $20,000 level.

    After the price rebounded from those lows, however, the social dominance of Bitcoin shot up into positive territory. Since then, the metric has stayed inside this zone.

    Recently, the indicator was quite close to falling back inside the greed zone, as can be seen in the graph. Discussions related to BTC have once again surged, though, as the cryptocurrency’s price has found further struggle and has plunged under the $27,000 level.

    The timing of this spike likely means that the current high discussions are taking place because of fear brewing among the investors. It’s unclear right now how the market may proceed from here, but the emergence of fear at least implies that there is a higher probability of a local bottom being discovered soon, following which a rebound could take place.

    BTC Price

    At the time of writing, Bitcoin is trading around $26,900, up 2% in the last week.

    Bitcoin Price Chart

    Looks like the value of BTC has gone below the $27,000 level | Source: BTCUSD on TradingView

    Featured image from iStock.com, charts from TradingView.com, Santiment.net





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Coinbase CEO’s Crypto Regulatory Meetup in London

    June 17, 2025

    Europe wants to knock off China and US in Southeast Asia, but its just not as appealing

    June 16, 2025

    Bybit Launches Byreal DEX – Is This the Start of a DeFi Pivot?

    June 15, 2025

    8,000 Bitcoins awaken after 5 years – Whale strategy or ETF play?

    June 14, 2025
    Top Posts

    Detroit to soon allow tax payments in cryptocurrency

    November 8, 2024

    Gnosis Chain Implements Blob Transactions, Paving the Way for Ethereum’s Dencun Upgrade

    March 12, 2024

    Crypto Firm Matter Labs And Polygon Developers Lock Horns Over Plagiarism

    August 4, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Coinbase CEO’s Crypto Regulatory Meetup in London

    June 17, 2025

    Europe wants to knock off China and US in Southeast Asia, but its just not as appealing

    June 16, 2025

    Bybit Launches Byreal DEX – Is This the Start of a DeFi Pivot?

    June 15, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.