"Fear and Hope are Rising Parallel in Bitcoin"

The decline of Bitcoin to $86,700, hitting its lowest level in the last six months, has created a polarization of fear and hope on social media. This situation has quickly triggered reactions from investors, while reports from Santiment, which conducts social data analysis, indicate that different opinions have also emerged.

When examining investor opinions on social media, it is observed that one group views the price drop as a buying opportunity, while others expect sharper declines. According to Santiment's data, there has been an increase in price predictions particularly in the $20,000 to $70,000 range, while optimistic expectations towards the $100,000 to $130,000 levels continue. However, there is no balanced view between these two extremes.

The Santiment team points out that in the crypto market, prices generally move contrary to the expectations of the majority. In this context, the aggressive sell-off demands from retail investors below $70,000 could be a positive signal for a potential bottom formation. Data that instantaneously display investors' feelings regarding fear and greed on social media may influence market dynamics.

Experts emphasize that a strong sign for a market bottom in the crypto space is considered to be when investor sentiment concentrates at extremes. In this regard, social media signals are reinforcing Bitcoin's search for a bottom and may impact potential price movements.