$BTC Retail Sentiment Flips Ultra Bearish at $113K
#Retail traders turned extremely bearish after
$BTC failed to recover from a dip below $113,000, marking the most negative social sentiment since June, according to Santiment analytics. The decline represents
$BTC’s lowest level since Aug. 3.
Social media sentiment reached "ultra bearish" levels last seen during Middle East conflict fears in June.
$BTC retreated 8.5% from its all-time high above $124,000, pushing total crypto market capitalization below $4 trillion for the first time in two weeks.
The
$BTC Fear & Greed Index dropped to 45, almost entering "Fear" territory at its lowest reading since late June. #Santiment analysts view the panic selling as a positive signal for potential #dip buyers when "blood is in the streets."
Historical patterns suggest similar corrections occurred in previous #bull cycles. In 2017,
$BTC corrected 36% before surging to new peaks three months later, while a 23% pullback in September 2021 preceded that year's all-time high. If patterns repeat,
$BTC could test $90,000 before recovering.
