Bitcoin (BTC)
continues to struggle for direction amid mounting macroeconomic pressures and a notable deterioration in retail investor sentiment. The asset is hovering near $103,700 following a volatile 24-hour stretch, in which it briefly dropped below $103,400 before staging a modest recovery, according to CoinDesk Research’s technical analysis model. This price behavior reflects an uneasy market backdrop, shaped by both geopolitical tensions and uncertain monetary policy.
According to an X post by crypto analytics firm Santiment on Thursday, sentiment among retail investors has turned sharply negative. The firm reported that the ratio of bullish to bearish commentary has fallen to just 1.03 to 1 — the lowest since early April, when the President Donald Trump unveiled his so-called Liberation Day tariffs, triggering peak market fear
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