Bitcoin’s sentiment has flipped negative for the first time since December 2024, which could indicate a broader market reset rather than a price drop. This shift highlights the importance of social media sentiment in influencing investor behavior.
Currently, Bitcoin is consolidating around 97,600 USD, with resistance noted at 98,762 USD and support at 79,836 USD. Meanwhile, signs of increased institutional participation are reflected in a rise in daily active addresses.
The negative sentiment may present an opportunity for investors as downtrends historically precede significant price shifts. Close monitoring of whale activity will be crucial to gauge potential price movements in the near future.