The post Fresh Data Reveals Sharp Change in Social Media Sentiments for Bitcoin—Here’s Why it’s Alarming ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.

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&nbsp Bitcoin’s social sentiment has tilted bearish despite better price action, according to new data tracking retail commentary across major social platforms. Analytics from Santiment indicate that discussions about Bitcoin have become pessimistic during the recent rebound, marking the highest concentration of fear, uncertainty, and doubt in the past ten days. Historically, markets tend to move against prevailing retail sentiment, suggesting this surge in negativity could fuel another leg higher. Santiment noted that such conditions may support Bitcoin’s first revisit above the $100,000 level since November 13, as traders position against the crowd at critical price zones. Moreover, data from CryptoQuant indicates a sharp slowdown in selling activity from Bitcoin “OGs.”OGs were highly active earlier in the cycle, taking advantage of liquidity driven by institutional and even government participation, but that behaviour has cooled. Advertisement

&nbsp The 90-day average of OG spending has fallen from roughly 2,300 BTC at recent local peaks to around 1,000 BTC, signalling a shift away from distribution toward holding. This reduction in selling pressure removes a historically significant source of supply from the market. Recent market data reflect the impact of these dynamics. Bitcoin dropped 2.01% over the past 24 hours to trade near $82,940, outperforming the broader crypto market and extending a 7.87% weekly drop. The move has been supported by a combination of whale accumulation, a major short squeeze, and improving regulatory signals related to ETFs. Moreover, institutional participation remains prominent, highlighted by MicroStrategy’s purchase of over 13,600 BTC on January 12 at an average price of $91,519. Meanwhile, Binance recorded Bitcoin ETF outflows of approximately $681 million in the first week of 2026, attributable to accumulation and reduced near-term selling pressure. While large players are injecting capital and OG selling has eased, technical resistance near $90,000 is a…

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Filed under: News - @ January 30, 2026 6:28 pm