Bitcoin Rebounds Amid Negative Sentiment Surge

Bitcoin has rebounded to $78,300 after a 16% drop since January 28, according to Santiment. The analytics firm attributes the recovery to retail selling, highlighting a pattern where market trends often oppose public sentiment. Social media has seen a surge in negative sentiment, marking the most pessimistic outlook since November 2021. Historically, such negative sentiment has preceded market rebounds, as seen in previous rallies following widespread panic.