Bitcoin Warning from Santiment: It Looks Like the Correction Structure of the Past! - Coin Bulletin

The surge of Bitcoin price to the level of $95,500 triggered a sense of greed among retail investors as high price predictions largely surpassed low price predictions on social media.

Bitcoin reached a new record high of 95,500 dollars on Monday. According to data shared by Santiment, which analyzes investor behavior in the market after this rise, retail investors are maintaining their confidence in the cryptocurrency markets, and this is clearly reflected in the comments on social media platforms.

Market psychology is changing

According to the analysis of Santiment, predictions on social media that Bitcoin will reach higher price levels are much more prevalent than low price predictions. However, historical data shows that for the bull market to continue in a healthy manner, the majority of the crypto community needs to bet against the market.

Following last week’s major rally, it is observed that the feeling of greed has begun to dominate the psychology of retail investors. This psychological shift is manifested by investors turning towards meme coins and other speculative assets.

Historical warning signs

Successful traders in the cryptocurrency markets often emphasize the importance of acting contrary to the majority of the community. According to Santiment data, the current situation stands out as a behavioral pattern that has also been observed before past correction movements.

During this historical rise of Bitcoin, the excessive optimism in the market is being regarded as a warning sign by experienced investors. The increasing interest in meme coins and other speculative assets is typically considered a phenomenon seen in the final stages of the market cycle.