Bitcoin's Upward Signals: Santiment Report Draws Attention

In recent times, the price of Bitcoin (BTC) continues to attract the attention of investors. The crypto analysis platform Santiment noted that the spikes in negative sentiment on social media over the last 7 months have created strong buying signals for Bitcoin. Particularly, periods of fear and panic among investors lay the groundwork for a stable increase in Bitcoin's price.

According to Santiment's data, the four most negative days since March have shown that Bitcoin tends to perform positively shortly thereafter. During April, the panic following the U.S. increase in global tariffs led to a 26.5% rise in Bitcoin's price. Additionally, the sell-off during the tensions between Iran, Israel, and the U.S. in June resulted in an 11.8% increase in Bitcoin within a week.

In August, the Federal Reserve's decision to keep interest rates unchanged created panic among investors. However, Bitcoin gained 11.3% in value over a 48-day period during this time. All these data reveal that Bitcoin historically offers buying opportunities during moments when “the crowd is scared.”

Another notable development occurred on October 10 when former U.S. President Donald Trump announced temporary 100% tariffs on China, leading to the highest level of negative sentiment of the year on social media. Although this situation triggered intense selling by investors, Bitcoin's price increased by 5.5% within three days, bringing smiles back to investors.

According to the Santiment report, carefully monitoring market sentiment emphasizes that investors who act contrary to periods of extreme panic or greed often yield more profitable results. Therefore, it becomes crucial for investors to track sudden price movements in Bitcoin and social media sentiment to capture the right timing.