Excessive FUD lingers after Bitcoin’s $60,000 rebound, with bearish social sentiment outweighing bullish posts.
Bitcoin (BTC) slipped again under $67,000 on Wednesday, February 11, extending a unstable stretch that started with final week’s drop to $60,000.
Regardless of that rebound from the lows, social knowledge exhibits concern stays elevated, with merchants break up over whether or not the worst of the sell-off is over.
Social Sentiment Stays Bearish as Volatility Spikes
Information shared by on-chain analytics agency Santiment shows a excessive ratio of bearish to bullish posts even after Bitcoin recovered from its $60,000 dip. In keeping with the agency, retail merchants appear hesitant to purchase at present ranges, whereas bigger holders are dealing with much less resistance in accumulating during times of concern.
Santiment added that, traditionally, rebounds have usually adopted spikes in concern, although it didn’t declare this ensures a backside.
In the meantime, short-term worth motion continues to be fragile, with market watcher Ash Crypto reporting that Bitcoin’s fall under $67,000 had liquidated roughly $127 million in lengthy positions inside 4 hours.
On the time of writing, market knowledge from CoinGecko confirmed BTC buying and selling across the $66,700 area, down about 3% within the final 24 hours and practically 13% on the week. Over the previous 30 days, the flagship cryptocurrency has fallen greater than 27%, and it stays 47% under its October 2025 all-time excessive.
The 24-hour vary between $66,600 and $69,900 is a mirrored image of ongoing intraday swings, whereas weekly worth motion has spanned from about $62,800 to $76,500, displaying simply how unstable situations are.
You might also like:
Volatility metrics assist that view, with Binance knowledge cited by Arab Chain analysts displaying that Bitcoin’s seven-day annualized volatility has climbed to round 1.51, its highest studying since 2022. Nevertheless, 30-day and 90-day measures stay decrease at 0.81 and 0.56, suggesting latest turbulence has not but developed right into a sustained high-volatility regime. In keeping with the analysts, the typical true vary as a share sits close to 0.075, which traditionally has been a compressed stage that always comes proper earlier than a bigger directional transfer.
Bear Market Comparisons Resurface
An earlier report this week noted that Bitcoin has closed three consecutive weeks under its 100-week transferring common, a sample seen in earlier bear markets. CryptoQuant founder Ki Younger Ju wrote on February 9 that “Bitcoin just isn’t pumpable proper now,” arguing that promoting strain is limiting upside follow-through.
Different commentators, together with Physician Revenue, have described the present construction as a large consolidation vary between $57,000 and $87,000, warning that sideways buying and selling might precede one other leg decrease.
Moreover, macro knowledge is including to the cautious tone, with XWIN Analysis Japan writing that weaker U.S. retail gross sales and easing wage development imply that consumption is slowing, which can weigh on threat property within the quick time period. The agency additionally famous a persistently damaging Coinbase Premium Hole since late 2025, suggesting there’s weak U.S. spot demand in comparison with derivatives-driven exercise.
But not all trade voices are centered solely on worth cycles, with WeFi’s Maksym Sakharov saying he believes Bitcoin sentiment will ultimately strengthen regardless of falling costs, however for various causes than in previous rallies.
“I imagine Bitcoin sentiment will flip even stronger regardless of the falling costs, however this time it received’t be solely about worth or hypothesis, but additionally about actual adoption,” Sakharov mentioned.
Within the meantime, BTC is sitting in a slim zone between fear-driven pessimism and technical assist close to $60,000, with merchants watching whether or not excessive volatility resolves greater or breaks decrease within the weeks forward.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in unique BingX Alternate rewards (restricted time supply).
