Bitcoin has observed a retrace from its new all-time high after users on the major social media platforms displayed overexcitement.
Bitcoin FOMO On Social Media Spiked During Recent Rally
In a new post on X, the analytics firm Santiment has talked about how social media reacted to the recent Bitcoin rally to the new all-time high. Whenever volatility emerges in the market, users on these platforms start sharing about which levels they think the price would visit next. This latest one was naturally no exception.
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To gauge how many users called for which price levels, the analytics firm has made use of the “Social Volume” indicator. This metric keeps track of the total number of posts/threads/messages on the major social media platforms that are making
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