Extreme FUD Persists on Social Media Despite BTC’s $60K Dip Recovery
Bitcoin (BTC) slipped again under $67,000 on Wednesday, February 11, extending a unstable stretch that started with final week’s drop to $60,000.
Despite that rebound from the lows, social information reveals worry stays elevated, with merchants cut up over whether or not the worst of the sell-off is over.
Social Sentiment Stays Bearish as Volatility Spikes
Data shared by on-chain analytics agency Santiment shows a high ratio of bearish to bullish posts even after Bitcoin recovered from its $60,000 dip. According to the agency, retail merchants appear hesitant to purchase at present ranges, whereas bigger holders are dealing with much less resistance in accumulating in periods of worry.
Santiment added that, traditionally, rebounds have usually adopted spikes in worry, although it didn’t declare this ensures a backside.
Meanwhile, short-term worth motion remains to be fragile, with market watcher Ash Crypto reporting that Bitcoin’s fall under $67,000 had liquidated roughly $127 million in lengthy positions inside 4 hours.
At the time of writing, market information from CoinGecko confirmed BTC buying and selling across the $66,700 area, down about 3% within the final 24 hours and practically 13% on the week. Over the previous 30 days, the flagship cryptocurrency has fallen greater than 27%, and it stays 47% under its October 2025 all-time high.
The 24-hour vary between $66,600 and $69,900 is a mirrored image of ongoing intraday swings, whereas weekly worth motion has spanned from about $62,800 to $76,500, displaying simply how unstable circumstances are.
Volatility metrics assist that view, with Binance information cited by Arab Chain analysts displaying that Bitcoin’s seven-day annualized volatility has climbed to round 1.51, its highest studying since 2022. However, 30-day and 90-day measures stay decrease at 0.81 and 0.56, suggesting current turbulence has not but developed right into a sustained high-volatility regime. According to the analysts, the common true vary as a share sits close to 0.075, which traditionally has been a compressed stage that always comes proper earlier than a bigger directional transfer.
Bear Market Comparisons Resurface
An earlier report this week noted that Bitcoin has closed three consecutive weeks under its 100-week shifting common, a sample seen in earlier bear markets. CryptoQuant founder Ki Young Ju wrote on February 9 that “Bitcoin is just not pumpable proper now,” arguing that promoting stress is limiting upside follow-through.
Other commentators, together with Doctor Profit, have described the present construction as a large consolidation vary between $57,000 and $87,000, warning that sideways buying and selling may precede one other leg decrease.
Furthermore, macro information is including to the cautious tone, with XWIN Research Japan writing that weaker U.S. retail gross sales and easing wage development imply that consumption is slowing, which can weigh on danger property within the brief time period. The agency additionally famous a persistently destructive Coinbase Premium Gap since late 2025, suggesting there’s weak U.S. spot demand in comparison with derivatives-driven exercise.
Yet not all business voices are centered solely on worth cycles, with WeFi’s Maksym Sakharov saying he believes Bitcoin sentiment will finally strengthen regardless of falling costs, however for various causes than in previous rallies.
“I consider Bitcoin sentiment will flip even stronger regardless of the falling costs, however this time it received’t be solely about worth or hypothesis, but additionally about actual adoption,” Sakharov stated.
In the meantime, BTC is sitting in a slim zone between fear-driven pessimism and technical assist close to $60,000, with merchants watching whether or not high volatility resolves increased or breaks decrease within the weeks forward.
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