$BTC Social Dominance Hits 43% Signaling Potential Entry Point


$BTC captured 43.06% of crypto social media discussions as it reached new highs above $123,100.


Sentiment platform Santiment warns that the historic social dominance spike may indicate local top formation.


Similar spikes preceded Bitcoin price drops on June 11 and July 7, according to analyst Brian Quinlivan.


The surge suggests that retail traders are FOMO'ing in despite earlier claims that retail remains absent.


#Bitcoin has since retraced from $123,100 to $117,011 following the social media buzz peak.


Analysts recommend waiting for euphoria to cool before finding another key entry point.


CryptoQuant data shows the Bitcoin peak signal absent, suggesting the market is not yet overheated.

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July 20, 2025 at 11:35 PM
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