Crypto Market Sentiment Not Fearful Enough For Bottom: Santiment
Crypto analyst Maksim Balashevich says Bitcoin may fall further, possibly to around $75,000—a nearly 15% decline from its current price of $88,350—because social media sentiment remains too optimistic for a true market bottom. He observed ongoing confidence among traders that the current downtrend will quickly reverse, which he argues is inconsistent with the fear typically seen at market lows. Balashevich also noted that discussions in crypto forums are dominated by positive takes, including reactions to the Bank of Japan’s recent rate hike, rather than signs of panic or capitulation. The Bank of Japan’s move, historically linked to substantial Bitcoin corrections, might set up an attractive buying opportunity if prices fall further. Meanwhile, market sentiment indicators present mixed signals; the Crypto Fear & Greed Index has registered “Extreme Fear” since mid-December, while the Altcoin Season Index suggests Bitcoin is outperforming most top altcoins, typically a risk-off signal. Other analysts offer divergent views on Bitcoin’s longer-term prospects, with price predictions for 2026 ranging widely.
