Santiment's Bitcoin social sentiment indicator has been flashing red as the price of Bitcoin has been hovering around the $65,000 mark.
Bitcoin (BTC) has been facing an “extended level of FUD” on social media platform X amid sideways trading at the $65,000 mark, according to data from cryptocurrency intelligence platform Santiment.
“This extended level of FUD is rare, as traders continue to capitulate,” Santiment wrote in a June 20 X post. FUD stands for fear, uncertainty and doubt.
“The crowd is mainly fearful or disinterested toward Bitcoin as prices range between $65K to $66K,” it added.
