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Bitcoin Plunges After $108,000: Is Market Sentiment Changing?
The cryptocurrency market is entering a crucial phase of change, according to the latest analysis from analytics firm Alphractal .
Sentiment indicators, including the Fear & Greed Index , Google Trends data , and social media sentiment analysis, are showing surprising signs about Bitcoin's future.
Escape from “extreme greed”
Alphractal said the Fear & Greed Index , a market sentiment gauge, just left the “extreme greed” zone after Bitcoin peaked at $108,000 .
This is often a signal that the market is moving away from a short-term top and towards a more sustainable trend.
Interest from Google Trends
Data from Google Trends shows that Bitcoin-related searches spiked when the price hit a record $100,000 , but dropped sharply when the price fell below this threshold.
This shows that new investor participation remains limited, despite important price milestones.
Social media psychology
Using the Alpha Crypto Sentiment tool on social media platform X , Alphractal detected a shift from euphoria to neutrality, reflecting a “cooling off” in current investor enthusiasm.
Although interest from new players is waning, the positive sentiment among the existing investment community could be a driver of growth in the medium term.
Alphractal concludes:
“The market is in a more stable phase, with long-term growth opportunities, especially if positive sentiment from old investors is maintained.”