Bitcoin hits the highest social media bearish sentiment level in 5 weeks

According to the crypto market sentiment platform Santiment, the level of pessimism on social media around Bitcoin has reached its highest point since the end of February.

“FUD has returned as the community has shown a clear lack of optimism,” Santiment said in a post on X on Saturday, adding that this “is typically a common ingredient that makes prices bounce back.”

The data comes from a large sample of crypto-focused social media accounts that track the ratio between positive and negative comments about Bitcoin BTC $67,123 on X, Reddit, and other social media platforms.

The market often goes “the opposite way,” Santiment says

On Saturday, the ratio of positive to negative comments about Bitcoin stood at 0.81, the lowest since February 28.

Bitcoin holders often look to broader market sentiment to guide their buying and selling decisions. When sentiment is low, most expect prices to keep falling, and when optimism rises, traders start expecting that upward momentum will continue.

However, Santiment believes the market often moves in the opposite direction. “The market often moves in a direction that is opposite to the crowd’s expectations,” Santiment said. “A high level of FUD like this is a good sign that things may turn positive sooner rather than later,” Santiment added.

According to CoinMarketCap, Bitcoin is trading at $67,100 at the time of publication, down 5.53% over the past 30 days.

Santiment also points to the U.S. CLARITY Act, a bill that the crypto industry is closely watching and eagerly anticipated, as a “hypothetical” catalyst that may be holding back Bitcoin prices.

Crypto market sentiment still at “Extreme Fear”

On Wednesday, Coinbase Chief Legal Officer Paul Grewal said the bill is “moving closer” to an amended hearing before the U.S. Senate Banking Committee and could ultimately be put to a vote on the legislative floor if the senators resolve the dispute over stablecoin yields and schedule the amendment.

Related: Wealthy Bitcoin traders lost $337 million per day in the first quarter of 2026

Other indicators show that investors are approaching the crypto market cautiously.

The Crypto Fear & Greed Index, a measure of overall sentiment in the crypto market, remains in the “Extreme Fear” zone, recording a 12 on Sunday.

Magazine: Bitcoin: the 85% drop ‘is over’, rising speculation around the CLARITY Act: Hodler’s Digest, 3/29–4/4