Urgent: 🇸🇻 El Salvador bought more #Bitcoin today for its strategic reserve $BTC
Investor sentiment towards Bitcoin has fallen to its lowest level since April, reflecting a wave of pessimism coinciding with increasing economic and geopolitical concerns.
According to data from the “Santiment” platform, negative comments on social media outnumbered positive ones by a ratio of 1.03 to 1, which is historically considered a contrarian indicator that can precede an upward movement.
This decline in confidence is repeating after a similar pattern in April, when the price dropped below $75,000 due to concerns over U.S. trade decisions, before recovering as panic subsided.
“Santiment” indicates that the market often moves contrary to the trends of retail traders.
With Bitcoin's price currently stable below $105,000, there has been no significant reaction to the Federal Reserve's decision to maintain interest rates, losing 0.3% over the last 24 hours and 2.8% over the week.
These weak movements come amid global tension, where analysts have warned that escalating conflicts in the Middle East may drive investors to prefer safe assets over cryptocurrencies.
Despite this, the fundamental indicators remain positive.