Crypto market ‘isn’t scared enough’ to call a bottom yet: Santiment

Maksim Balashevich, founder of crypto market sentiment platform Santiment, stated that the crypto market has not yet reached a bottom because social media sentiment shows too much optimism, not enough fear. He suggested that Bitcoin could potentially slide further to around $75,000, a drop of nearly 15% from its current price of $88,350, which he believes would offer a "very good setup" for traders. Balashevich noted that retail traders are discussing the recent Bank of Japan rate hike as a reason for continued upward movement, which he views as a bearish signal for calling a bottom. This contrasts with other indicators, such as the Crypto Fear & Greed Index, which has been in "Extreme Fear" territory since mid-December, and the Altcoin Season Index suggesting "Bitcoin Season." Other analysts have conflicting long-term outlooks, with some forecasting a potential drop to $65,000 by 2026, while others predict an "up year" for Bitcoin in 2026.

(Source：Cointelegraph)