Bearish Sentiment Prevails Among Retail Investors Before Weekend

Despite increasing bearish sentiment among retail investors ahead of the weekend as evidenced by social media data from Santiment, the analytics firm sees a potential bull setup forming. According to their analysis, conversations on social platforms containing terms like “lower” or “below” significantly outweighed mentions of “higher” or “above.” Historically, this negative crowd sentiment has acted as a contrarian indicator, signaling a short-term price rebound in both Bitcoin and the broader crypto market. The chart shared by Santiment showcases multiple instances where spikes in bearish chatter, labeled as