Bitcoin’s price has struggled to stabilize in recent days , and the shift in sentiment surrounding the asset has become just as significant as the price movement itself. The cryptocurrency slipped further into the mid-$80,000 region this week in the middle of a downtrend that has kept buyers on the defensive.

New data from the on-chain analytics platform Santiment reveals a collapse in crowd sentiment. The chart shows a sharp plunge in bullish-to-bearish commentary that aligns with Bitcoin’s downward trajectory and retail traders reacting emotionally to the sustained sell-off.

Bitcoin Sentiment Plunges To Lowest Level Since 2023

Santiment data shows that Bitcoin’s sentiment across major social platforms has fallen to its lowest point since December 11, 2023. The ratio

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