The Bitcoin social sentiment index has reached a nearly 4-year low, indicating that retail investor panic has peaked.
Additionally, from a technical perspective, Bitcoin is approaching the 200-week moving average (currently at $58,000), which has historically served as a bottom and accumulation zone during past bear markets over the past 12 years.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The Bitcoin social sentiment index has reached a nearly 4-year low, indicating that retail investor panic has peaked.
Additionally, from a technical perspective, Bitcoin is approaching the 200-week moving average (currently at $58,000), which has historically served as a bottom and accumulation zone during past bear markets over the past 12 years.