It is often helpful to take a step back and view the broader picture when uncertainty strikes. Unlike the optimism and purchasing enthusiasm we have observed following past market crashes, current discussions are overwhelmingly pessimistic, with talk of selling outweighing the usual buy the dip narratives.
Given the current volatility and unpredictability in global politics, social media sentiment suggests a distinct lack of confidence in the recent Bitcoin recovery. Even though the asset has rebounded by approximately +10% since falling to $60K last week, the community largely remains skeptical of this upward movement.
Market history suggests that when FUD is the primary driver of trader behavior, there is a significantly stronger chance that prices will keep climbing. We would only warn that retail participation might drive values lower if we start to witness a return of FOMO. However, such a shift in psychology generally requires another significant rally to materialize.
