Bitcoin, Ethereum, Solana Sentiment Hits COVID Level Lows: Is The Bottom In?
Posted On June 5, 2026
Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) have fallen between 15% and 20% over the past week, pushing sentiment deeper into fear territory.
Bitcoin Flashes Rare Oversold Signal
Crypto analyst Lark Davis noted on June 4 that Bitcoin’s daily RSI dropped to 17, one of the most oversold readings in the past decade and a level previously seen during the March 2020 COVID crash and February 2026 selloff.
On-chain data also shows Bitcoin trading at one of its largest historical discounts relative to gold.
Analysts are closely watching key support …
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