Bitcoin failed to hit $90,000 twice in a row. Has market sentiment changed?

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Bitcoin failed to break through the $90,000 mark twice yesterday and is currently falling back to around $87,000. What is the market sentiment like? Has it changed?

We may be able to get a glimpse of the current mood of the crypto community from Followin’s Twitter sentiment indicator .

In the simplified Chinese area, the three most discussed currencies by KOLs are PNUT, SUI and NEIRO. From the perspective of the long-short ratio, it is one-sided, with bullish sentiment occupying an absolute position. 98% of the 275 KOLs discussing PNUT are bullish, 95% of the 166 KOLs discussing SUI are bullish, and 100% of the 148 KOLs discussing NEIRO are bullish.

PNUT and NEIRO, two popular meme coins, rose by 71% and 2.9% respectively, which is related to the current hot spots. PNUT belongs to Musk concept coins, and NEIRO belongs to Dogecoin concept. SUI belongs to the public chain. Due to the callback of Bitcoin, SUI followed the callback.

News:

In response to netizens' questions about the necessity of "government efficiency departments", Musk said, "America was saved by a squirrel (Peanut) and meme coins." Influenced by this news, PNUT's 24-hour increase expanded to 100%, and its current market value has exceeded US$800 million.

NEIRO (First Nei ro On Ethereum) has a market value of more than $1 billion. Musk has recently led to a sharp rise in the price of Dogecoin, including Neiro.

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Central District

The three most discussed projects are PNUT, NEIRO and LUCE meme coins. Again, the majority of KOLs are bullish. In the Fanzhong District, 100% of the nearly 300 KOLs surveyed are bullish on PNUT and NEIRO. Among the 50 KOLs discussing LUCE, 90% are bullish and 10% are bearish.

LUCE is the name of the Vatican's official Holy Year mascot in 2025. LUCE's current market value is $132 million, and it recently rose by more than 100% in a single day.

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Simply put, judging from the Twitter sentiment statistics in simplified and traditional Chinese, the current market value focus is still on meme coins, and bullish sentiment is absolutely dominant.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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