Bitcoin (BTC) slipped again beneath $67,000 on Wednesday, February 11, extending a unstable stretch that started with final week’s drop to $60,000.
Regardless of that rebound from the lows, social information reveals concern stays elevated, with merchants cut up over whether or not the worst of the sell-off is over.
Social Sentiment Stays Bearish as Volatility Spikes
Knowledge shared by on-chain analytics agency Santiment reveals a excessive ratio of bearish to bullish posts even after Bitcoin recovered from its $60,000 dip. In response to the agency, retail merchants appear hesitant to purchase at present ranges, whereas bigger holders are going through much less resistance in accumulating during times of concern.
Santiment added that, traditionally, rebounds have usually adopted spikes in concern, although it didn’t declare this ensures a backside.
In the meantime, short-term worth motion remains to be fragile, with market watcher Ash Crypto reporting that Bitcoin’s fall beneath $67,000 had liquidated roughly $127 million in lengthy positions inside 4 hours.
On the time of writing, market information from CoinGecko confirmed BTC buying and selling across the $66,700 area, down about 3% within the final 24 hours and practically 13% on the week. Over the previous 30 days, the flagship cryptocurrency has fallen greater than 27%, and it stays 47% beneath its October 2025 all-time excessive.
The 24-hour vary between $66,600 and $69,900 is a mirrored image of ongoing intraday swings, whereas weekly worth motion has spanned from about $62,800 to $76,500, displaying simply how unstable circumstances are.
Volatility metrics assist that view, with Binance information cited by Arab Chain analysts displaying that Bitcoin’s seven-day annualized volatility has climbed to round 1.51, its highest studying since 2022. Nevertheless, 30-day and 90-day measures stay decrease at 0.81 and 0.56, suggesting current turbulence has not but developed right into a sustained high-volatility regime. In response to the analysts, the common true vary as a proportion sits close to 0.075, which traditionally has been a compressed degree that always comes proper earlier than a bigger directional transfer.
Bear Market Comparisons Resurface
An earlier report this week famous that Bitcoin has closed three consecutive weeks beneath its 100-week shifting common, a sample seen in earlier bear markets. CryptoQuant founder Ki Younger Ju wrote on February 9 that “Bitcoin will not be pumpable proper now,” arguing that promoting strain is limiting upside follow-through.
Different commentators, together with Physician Revenue, have described the present construction as a large consolidation vary between $57,000 and $87,000, warning that sideways buying and selling may precede one other leg decrease.
Moreover, macro information is including to the cautious tone, with XWIN Analysis Japan writing that weaker U.S. retail gross sales and easing wage development imply that consumption is slowing, which can weigh on threat property within the brief time period. The agency additionally famous a persistently destructive Coinbase Premium Hole since late 2025, suggesting there’s weak U.S. spot demand in comparison with derivatives-driven exercise.
But not all business voices are targeted solely on worth cycles, with WeFi’s Maksym Sakharov saying he believes Bitcoin sentiment will finally strengthen regardless of falling costs, however for various causes than in previous rallies.
“I consider Bitcoin sentiment will flip even stronger regardless of the falling costs, however this time it gained’t be solely about worth or hypothesis, but additionally about actual adoption,” Sakharov mentioned.
Within the meantime, BTC is sitting in a slender zone between fear-driven pessimism and technical assist close to $60,000, with merchants watching whether or not excessive volatility resolves increased or breaks decrease within the weeks forward.
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