Bitcoin's New $94K High: Why Is Nobody Celebrating?
Bitcoin hit a new all-time high of $94,002. But despite this milestone, the reaction from social media and the crypto community has remained muted. Now $BTC is around $94,444.01
According to Santiment data, Bitcoin's rise to new highs has not triggered the wave of euphoria usually seen during price spikes. The chart reveals that even with Bitcoin approaching $100,000, sentiment on the social platform remains relatively neutral, with only occasional positive spikes.
Additionally, Bitcoin's move to the “Neutral Zone” in sentiment analysis could mean lower volatility and more stable progress. Historically, neutral sentiment has often coincided with less accurate price predictions, making the market's short-term outlook unpredictable.