Santiment: Bitcoin's rebound fails to mask market panic; the probability of a continued rebound may increase.
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According to ME News, on February 11th (UTC+8), crypto market watchdog Santiment posted on X that Bitcoin has rebounded from its $60,000 plunge over the weekend. Analysis of social media data shows that bearish sentiment remains high compared to bullish sentiment. Due to widespread pessimism among retail investors, data indicates that ordinary investors are still hesitant to buy at current prices, while key large BTC holders are able to build positions with minimal resistance. Historically, the probability of a price rebound tends to increase significantly during periods of high market panic. (Source: ME)
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