\u201cFUD has taken over social media,\u201d following Bitcoin\u2019s 16% fall over the past week, said blockchain analytics firm Santiment on Monday.<\/p>\n
The crash was \u201ca result of retail selling their bags,\u201d it stated before adding that \u201cthis is more proof that markets move in the opposite direction of the crowd\u2019s narratives.\u201d<\/p>\n
\u201cNegative posts about crypto continue to flood in, with social data indicating that this is the most bearish that retail has been since the November 21st crash.\u201d<\/p>\n
Crypto markets tanked 19% in November, with $680 billion exiting the space. Comparatively, the recent crash has been shallower, with a 14% slide and a $440 billion exodus, but it has sent markets back to April 2025 lows.<\/p>\n
\u201cIn most cases, there is a relief rally following major negative times like this,\u201d said Santiment.\u00a0\u201cThus far, this bounce is encouragingly looking like the previous two instances following FUD.\u201d<\/p>\n
However, there have been few signs of recovery yet, with Bitcoin still trading at nine-month lows around $78,000 and Ether obliterated at bear market lows around $2,300.<\/p>\n
FUD has taken over social media following Bitcoin\u2019s -16% since January 28th. After falling as low as $74.6K, $BTC<\/a> has rebounded back up to $78.3K as a result of retail selling their bags. This is more proof that markets move the opposite direction of the crowd\u2019s narratives.\u2026 pic.twitter.com\/NDffU98ZWM<\/a><\/p>\n \u2014 Santiment (@santimentfeed) February 2, 2026<\/a><\/p>\n\n CryptoQuant analyst \u2018Darkfost\u2019 blamed<\/a> the record October leverage flush, saying that the event \u201cis really the one that pushed BTC into a bear market.\u201d<\/p>\n \u201cLiquidity destruction in an already uncertain crypto market environment is not conducive to a return of speculation, which is nonetheless a key component of the crypto market.\u201d<\/p>\n Analyst \u2018Sykodelic\u2019 was bullish, noting<\/a> that the expansion<\/a> in this week\u2019s manufacturing PMI data is a positive sign for the economy.<\/p>\n \u201cWe are not in a bear market and will not be heading down for 10 months and getting a 75% retrace. The cycle is gearing up for expansion, not at the end of it.\u201d<\/p>\n \u201cBig support level at $74K, which will be the main thing to watch in the week(s) ahead,\u201d said<\/a> analyst \u2018Daan Crypto Trades.\u2019\u00a0Sweeps would be okay, but closes below that point would \u201cspell further trouble,\u201d he added.<\/p>\n \u201cOverall, it\u2019s easy to see how the market structure has shifted bearish also on the higher timeframe, with the bearish rejection at $98K and this latest leg down.\u201d<\/p>\n BTC was trading at $78,500 at the time of writing, down 11% on the week and 10% since the beginning of the year.<\/p>\n The post FUD Takes Over Crypto Social Media in Retail Selloff: Santiment\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" \u201cFUD has taken over social media,\u201d following Bitcoin\u2019s 16% fall over the past week, said blockchain analytics firm Santiment on Monday. The crash was \u201ca result of retail selling their bags,\u201d it stated before adding that \u201cthis is more proof that markets move in the opposite direction of the crowd\u2019s narratives.\u201d \u201cNegative posts about crypto […]<\/p>\n","protected":false},"author":0,"featured_media":131899,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-131898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131898"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=131898"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/131898\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/131899"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=131898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=131898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=131898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin at Big Support Level<\/h2>\n