The BTC price has failed to hit a new all-time high in over three months, even 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 from crypto analytics firm Santiment shows that bullish Bitcoin (BTC) remarks across social media platforms such as X, Reddit, Telegram, 4Chan and BitcoinTalk have dropped significantly over the past few weeks.
BTC’s price has been trading sideways since the Bitcoin halving in April.