BTC price has failed to hit a new all-time high in over three months, especially after the Bitcoin halving in April.
The recent bearish market turmoil has dampened the previously high levels of bullish remarks and euphoria surrounding Bitcoin’s price, which could indicate a potential market bottom.
Data shared by crypto analytic firm Santiment shows that Bitcoin (BTC) bullish remarks across social media platforms such as X, Reddit, Telegram, 4Chan, and BitcoinTalk have dropped significantly over the past couple of weeks.
BTC’s price has been trading sideways since the Bitcoin halving in April.
