Bitcoin “retail optimism is fading,” which may be a healthy indicator as sentiment returns to neutral territory, according to Santiment.
The overall number of crypto market participants calling for Bitcoin to enter new all-time high territory has tapered off, which crypto sentiment platform Santiment points out is a positive signal.
“Calls for Bitcoin to hit $150k to $200k, and even $50k to $100k, are drying up,” Santiment said in a report on Friday.
“This reduction in FOMO and ‘Lambo’ memes is actually a healthy market indicator. It shows that retail optimism is fading,” Santiment added.
