New danger for Bitcoin: Rising expectations.

On-chain data platform Santiment claimed that social media posts and investor sentiment are delaying the Bitcoin bull.

The analytics platform stated that sentiment in the crypto market is at its highest level in months and that investors are experiencing a huge FOMO (fear of missing out). According to Santiment, Bitcoin may not reach its all-time high anytime soon.

Bitcoin faces “social risk”

According to a report by Santiment dated September 30, the “crowd” waiting for the Bitcoin price to reach its all-time high is increasing day by day. The data platform argued that investors should lower their expectations.

The platform, which examined BTC’s social sentiment data, emphasized that “bullish” posts on social media have increased. According to the data, bullish posts have reached twice as much as bearish posts.

Commenting on the data in question, Santiment said; “Historically, markets always move in the opposite direction of the crowd’s expectations.”

The increase in the price of $BTC from $58,000 to $66,000 increased social media sentiment. BTC, which increased by nearly 12 percent throughout September, left behind its best September in history, which excited investors.

Jameson Lopp, one of Casa's managers, stated that Bitcoin sentiment has changed positively in the mainstream media.

The increase in market sentiment has led investors to increase their risk appetite. The Fear and Greed Index, an important metric, reached the "greed" level on September 30.

According to CoinGecko data, the price of $BTC lost 1.7 percent in the last 24 hours and fell to $64,505.

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