Analysis: Bitcoin's panic sentiment is rising, but buying pressure may return after selling pressure is released 【Analysis: Bitcoin's panic sentiment is rising, but buying pressure may return after selling pressure is released】0x Information reports that on-chain data analysis platform Santiment revealed that the current proportion of panic discussions about Bitcoin on social media has reached the highest level since 2026, while the market sentiment indicator has dropped to its lowest point since November of last year, with the overall atmosphere shifting from cautious to evident panic. The current market is overall in a de-risking phase, with the stock market and precious metals experiencing a pullback after previous gains, and the cross-market liquidity contraction and cooling of leveraged funds may continue to impact the cryptocurrency market trends. However, a sharp deterioration in sentiment often approaches a phase of 'surrender selling', where long-term funds usually choose to buy at low levels when retail investors exit under pressure. If Bitcoin's price gradually stabilizes, the current pessimistic sentiment may quickly reverse and drive subsequent buying pressure to return. Analysis points out that if macro market volatility continues, or if Bitcoin fails to recover the key price levels that traders are concerned about, panic sentiment may persist for several days, and short-term trends may continue to be volatile.