Bitcoin Sees 64% Bullish Sentiment—But Federal Reserve Meeting Looms Ominously
Bitcoin (CRYPTO: BTC) is hovering around $115,000 one day ahead of the much-anticipated interest rate decision by the Federal Reserve.
What Happened: Santiment data on Tuesday noted that a 25-basis points rate cut is widely expected.
Bitcoin’s social sentiment has turned sharply bullish, with 64% of comments leaning positive, the highest greed levels since July 10.
While this reflects strong optimism, history shows markets often move against retail expectations, suggesting traders should temper hopes of a major post-cut surge.
However, this does not imply that Bitcoin and altcoins are due for a correction.
If the Fed surprises by holding rates steady, a sharp correction could catch bullish investors off guard.
In an X post on Sep. 12, Santiment …
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