Santiment: Bitcoin social media fear hits peak, may be bullish signal
- —On August 19–21, amid a rally to $80K, over $4 billion in shorts were liquidated
- —On September 3, as $80K was breached, about $731 million flowed into US spot BTC ETFs
- —On September 15, talk of low prices peaked after the CLARITY Act failed
- —Santiment: extreme fear after a sell-off is a contrarian signal, but timing of a reversal is not guaranteed
Why it matters: Sentiment indicators point to a possible local bottom but do not give a precise reversal timing — traders should watch for demand confirmation.
Source: Koin Bülteni
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