Golden Finance reported that according to Santiment data, Bitcoin faced "persistent FUD" on social media platform X during its sideways trading at the $65,000 mark. This level of sustained FUD is rare due to traders' continuous capitulation. In addition, its weighted sentiment index (an indicator that measures the amount of Bitcoin mentioned on X and compares the proportion of positive and negative comments) has been negative since May 23. It is reported that FUD stands for fear, uncertainty and doubt.