{"id":31675,"date":"2025-06-13T08:01:35","date_gmt":"2025-06-13T08:01:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31675"},"modified":"2025-06-13T08:01:35","modified_gmt":"2025-06-13T08:01:35","slug":"bitcoin-plunges-to-107000-did-retail-hype-bite-back","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31675","title":{"rendered":"Bitcoin Plunges To $107,000: Did Retail Hype Bite Back?"},"content":{"rendered":"
\n

Bitcoin has seen a retrace to $107,000 shortly after social media sentiment reached its highest in months. Did retail FOMO act as a contrarian signal?<\/p>\n

Bitcoin Positive\/Negative Sentiment Recently Observed A Sharp Spike<\/h2>\n

In a\u00a0post<\/a>\u00a0on X on Wednesday, the analytics firm Santiment discussed how the mood was around Bitcoin on the major social media platforms, based on the\u00a0Positive\/Negative Sentiment<\/a> metric.<\/p>\n

The Positive\/Negative Sentiment tells us, as its name suggests, how the positive and negative comments related to a given topic or term on social media currently compare.<\/p>\n

The indicator works by filtering the posts\/threads\/messages on these platforms for the keyword and then putting them through a machine-learning model that can differentiate between bullish and bearish sentiment. It counts up the number of posts belonging to each type and calculates their ratio.<\/p>\n

Now, here is the chart shared by Santiment that shows the trend in the Bitcoin Positive\/Negative Sentiment over the last few months:<\/p>\n

\"Bitcoin<\/p>\n

As displayed in the above graph, the Bitcoin Positive\/Negative Sentiment recently observed a sharp rise in the zone above 1.0 level and reached a high of 2.1. Such a value corresponds to there being 2.1 bullish comments for every bearish comment on social media platforms.<\/p>\n

This peak of 2.1 was the largest value for the ratio since Donald Trump<\/a>\u2018s re-election as the US President seven months ago. Thus, clearly, it seems the traders were in quite high spirits around BTC.<\/p>\n

This bullish mood was naturally a result of the cryptocurrency\u2019s price recovery rally to levels close to its\u00a0all-time high (ATH)<\/a>. Despite the positive sentiment, though, BTC has seen a plummet during the past day. The trend of a decline taking place following hype on social media isn\u2019t actually an unfamiliar pattern, however, as Bitcoin and other digital assets have seen it take shape time and again.<\/p>\n

It turns out that markets often move in a direction that goes opposite to the expectations of the crowd. This can apply both ways, meaning a bearish sentiment can lead to a bottom as well.<\/p>\n

How likely sentiment is to affect Bitcoin\u2019s direction may come down to the strength of the opinion among the traders. The Positive\/Negative Sentiment indicated a relatively high level of FOMO earlier, so it may have acted as a contrarian signal for the asset.<\/p>\n

The sentiment on social media may now be worth keeping an eye on, as how the retail investors react next could once more provide hints about BTC\u2019s future.<\/p>\n

BTC Price<\/h2>\n

Bitcoin was trading above $110,000 just yesterday, but its price has now come down to $107,000 following the drawdown.<\/p>\n

\"Bitcoin<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has seen a retrace to $107,000 shortly after social media sentiment reached its highest in months. Did retail FOMO act as a contrarian signal? Bitcoin Positive\/Negative Sentiment Recently Observed A Sharp Spike In a\u00a0post\u00a0on X on Wednesday, the analytics firm Santiment discussed how the mood was around Bitcoin on the major social media platforms, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31675","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31675"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31675\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}