Santiment: Bitcoin $150K Calls Fade as Sentiment Turns Neutral
Santiment reported a pullback in public calls for Bitcoin to post new all-time highs, describing the shift as a healthy development for the market. In a report released Friday, the crypto analytics firm said appeals for Bitcoin to reach $150k to $200k, and even $50k to $100k, are drying up, signaling reduced FOMO and waning retail optimism.
Bitcoin sentiment returns to neutral
While prominent advocates including BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee had projected Bitcoin could rise to as high as $250,000 in 2025, the asset topped out at $126,100 in October before turning lower and ending the year below where it began.
Bitcoin is down 24.39% over the past 30 days. Source: CoinMarketCap
The decline extended into the new year, with Bitcoin dipping near $60,000 on Feb. 6, then edging higher to $67,847 at the time of publication, according to CoinMarketCap.
Santiment added that the ratio of bullish to bearish social media commentary has rebounded from extreme bearishness to neutral territory. The firm noted that neutral readings can complicate trading decisions and advised participants to avoid relying heavily on sentiment indicators under these conditions.
Elsewhere, broader gauges still reflect caution. The Crypto Fear & Greed Index remained in “Extreme Fear” on Saturday with a score of 8, indicating investors are highly risk-averse.
The Crypto Fear & Greed Index has been in “Extreme Fear” since Feb. 9. Source: Alternative.me
Santiment also flagged “warning signs” in Bitcoin’s on-chain activity, noting that transaction volume, active addresses, and network growth have been steadily declining. While not immediately bearish, the slowdown suggests reduced network use and a wait-and-see approach among traders; a broad market upswing would typically coincide with increasing user participation.
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