[Santiment: Retail pessimism enters extreme range, market may see a technical rebound] BlockBeats news, February 2, the crypto market research institution Santiment posted on social media stating that since January 28, Bitcoin has dropped 16%, and social media has been flooded with FUD (fear, uncertainty, and doubt). After falling to a low of $74,600, BTC has rebounded to $78,300 due to panic selling by retail investors. This once again proves that market trends often run counter to the prevailing narrative of the masses. Negative commentary regarding crypto assets continues to emerge, and social data shows that the current level of retail pessimism has surpassed any period since the major crash on November 21 last year. In most cases, after experiencing such significant negative sentiment shocks, the market typically sees a technical rebound. So far, this rebound has encouragingly shown a trend similar to the previous two FUD events.