Bitcoin Drops Below $77K: Social Media Scares Trigger FUD Frenzy!

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<a href="https://jpykr.com/btc-usd/">Bitcoin</a> Fall Under $77,000 Triggers Spike In Social Media FUD

Ever since Bitcoin’s price dropped, online conversations about it have become mostly negative, according to recent data.

Bitcoin Positive/Negative Sentiment Has Dropped Recently

Analytics firm Santiment recently shared insights on X about how people are feeling about Bitcoin. They looked at whether online conversations about Bitcoin are generally positive or negative, a measurement that helps understand overall market sentiment.

This tool analyzes social media posts about a cryptocurrency to gauge overall market sentiment. It uses machine learning to categorize comments as either positive (bullish) or negative (bearish), then calculates the ratio between the two to determine whether the general feeling is leaning towards buying or selling.

Here’s a chart from Santiment illustrating how positive or negative feelings about Bitcoin have changed over the last month.

I’ve been watching Bitcoin closely, and the recent price jump definitely got people excited. The sentiment indicators actually spiked into ‘FOMO’ territory – basically, everyone was getting worried about missing out on gains. Honestly, that’s pretty typical; when the price goes up, it naturally makes traders feel more optimistic.

Recently, as the asset’s value has decreased, online sentiment has shifted. The ratio of positive to negative comments is now 0.94, indicating a slight increase in negative opinions on social media. This is the most negative sentiment reading since April 21st.

Bitcoin markets often perform unexpectedly, moving against what most investors think. This recent shift towards negative feelings might actually be a good sign. According to one analytics firm, when smaller investors sell during a small dip like this, it often increases the chances of prices going back up, even though many people are predicting further declines.

The chart shows that sentiment isn’t quite negative enough to be considered a “FUD” zone, meaning a significant price recovery isn’t likely just yet.

Interestingly, the number of Bitcoin wallets holding large amounts of cryptocurrency – often called ‘whales’ – has increased over the last year, according to data shared by Santiment on X (formerly Twitter).

The latest data shows there are now 20,229 wallets holding at least 100 Bitcoin, which is worth around $7.64 million. This is an increase of 11.2% compared to the same time last year, according to analysts.

This is an important long-term pattern because wallets holding this much cryptocurrency (currently around $7.7 million or more) are typically linked to large investors – often called ‘whales,’ institutions, or those who plan to hold their crypto for a long time.

BTC Price

Bitcoin’s price has dropped to $76,400 after falling more than 5% in the last week.

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2026-05-20 09:59