Santiment: Bitcoin's rebound fails to mask market panic, the probability of a sustained rebound may increase

The cryptocurrency market observation agency Santiment posted on X that Bitcoin has rebounded from last weekend's plunge to $60,000. According to social media data analysis, the proportion of bearish sentiment in the market remains high compared to bullish sentiment.

Due to the generally pessimistic outlook among retail investors, data indicates that ordinary investors are still hesitant to buy at the current price levels, while key BTC large holders can accumulate positions with almost no resistance.

Historically, when market panic is high, the probability of price rebounds tends to significantly increase.