Data shows calls for sub-$60,000 Bitcoin prices have risen on social media recently, signaling growing fear among retail traders.
Santiment, an on-chain analytics firm, highlighted this shift using its “Social Volume” metric, which counts posts mentioning a topic across major social platforms. To separate sentiment, Santiment filtered Bitcoin social mentions by price-level terms: bullish calls referencing $90,000–$99,000 and bearish calls referencing $50,000–$59,000.
A chart shared by Santiment showed a spike in bullish mentions toward the end of last month — a period that preceded a notable price drawdown. On the last day of the month, that trend flipped as bearish calls surged, with many users now discussing sub-$60K Bitcoin. BTC’s decline then cooled briefly and prices saw a minor rebound.
Santiment noted that markets often move opposite to crowd expectations, suggesting there can be arguments for a short-term relief rally while retail largely assumes sub-$60K is inevitable.
Separately, CryptoQuant contributor Axel Adler Jr. pointed out that Bitcoin held on centralized exchanges has risen recently: the Exchange Reserve indicator shows about 34,000 BTC returned to exchanges since January 19.
BTC price has continued to slide, reaching roughly $73,600 at the time of reporting. It remains uncertain how price will develop amid the rising fearful sentiment on social media and increased exchange reserves.
