Bitcoin At $102,000 But Why Does The Market Feel So Bearish?

Bitcoin (CRYPTO: BTC) remains firmly above $100,000 but anaemic trading action over the past 48 hours has increased anxiety in the cryptocurrency community over potential downtrends.

What Happened: Despite Bitcoin touching all-time highs last week, the current sentiment is predominantly negative, primarily due to several factors, crypto influencer Miles Deutscher pointed out in a post on X on Wednesday.

Many investors predominantly hold altcoins, most of which have lagged Bitcoin’s performance.

The frequent false starts of “alt seasons” contribute to growing skepticism among participants, leading to a diminished belief in potential gains as time progresses without substantial price movements.

Additionally, the rapid shifts in …

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