Here is why sentiment is so bad at 100k USD: Bitcoin has zero value (as it has no utility). Thus, it is purely speculation on price. Thus, the absolute price does not matter. What matters is the delta... aka rate of change of the price. Thus, sentiment at 100k can be way worse than at 20k... as the direction of delta is horrible. Within 1 month, over 25% of utxos went into loss... that's probably 80-90% of all hodlers. Hope you are prepared for another huge drop.(Dr. Julian Hosp)