According to Odaily Planet Daily, blockchain analysis platform Santiment said in a market insight article that historically, BTC price movements have been opposite to the expectations of mass traders.

Santiment added that the market could bottom out before or shortly after the halving. Data tracked by Santiment shows that the number of mentions of "bull market" or "bull cycle" on crypto social media has been declining since the end of March. At the same time, the number of mentions of "bear market" or "bear cycle" has continued to increase.