Santimen: Retail investors' pessimistic sentiment becomes extreme, BTC rebounds to $78300

On February 2nd, Santimen, a cryptocurrency market research firm, stated that since January 28th, the price of Bitcoin has fallen by 16%, and social media is filled with FUD sentiment. After falling to a low of $74600, Bitcoin rebounded to $78300 due to panic selling by retail investors. Santimen pointed out that the current pessimistic sentiment among retail investors has exceeded any period since the sharp decline on November 21 last year. The market usually experiences a technical rebound after experiencing significant negative emotional shocks, and this rebound trend is similar to the previous two FUD events.