Binance completed its $1 billion Bitcoin conversion for its emergency user 
fund as crypto sentiment hit record lows and smart money traders increased 
short exposure.

Binance completes $1B Bitcoin conversion for SAFU emergency fund

Data shows the social media sentiment around Bitcoin has remained deeply 
bearish despite the recovery that the cryptocurrency&#8217;s price has made. Social 
Media Data Suggests Retail Still Fearful About Bitcoin In a new post on X, 
analytics firm Santiment has discussed about how the Positive/Negative 
Sentiment for Bitcoin has developed on social media following the recent 
recovery surge in the asset&#8217;s price. Related Reading: Ethereum Whale Selloff 
Continues As Supply Share Drops Under 75% The Positive/Negative Sentiment 
refers to an indicator that tells us, as its name suggests, how the positive 
and negative sentiments related to a given asset compare on the major social 
media platforms. The metric works by putting social media 
posts/threads/messages containing mentions of the asset through a machine- 
learning model to differentiate between positive and negative comments. Then, 
it counts up the number of posts in each category and finds their ratio. When 
the value of the indicator is greater than 1, it means the asset is observing 
more bullish messages than bearish ones. On the other hand, the metric being 
under this threshold implies the dominance of a negative sentiment. Now, here 
is the chart shared by Santiment that shows the trend in the Positive/Negative 
Sentiment for Bitcoin over the last few months: As is visible in the above 
graph, the Bitcoin Positive/Negative Sentiment rose to a notable level when 
the asset saw its rally in January. This suggests that retail traders on 
social media became greedy. What eventually followed the market greed was a 
top in the cryptocurrency and a reversal to the downside. As this drawdown 
took BTC back to the $60,000 level, the Positive/Negative Sentiment plummeted, 
meaning that fear now dominated social media platforms. Just like how the 
greedy sentiment led into a top, this bearish mentality paved way for a 
rebound instead. This is a pattern that has been witnessed with digital asset 
markets time and time again, with prices tending to move against the 
expectations of the crowd. Interestingly, even though BTC has climbed back 
into the high $60,000 levels since its low, the Positive/Negative Sentiment 
has continued to be at low levels. &#8220;Historically, while FUD is high, price 
rebounds have a heightened probability,&#8221; noted the analytics firm. It now 
remains to be seen how Bitcoin will develop in the near future, given the 
current bearish sentiment. Related Reading: Bitcoin Giant Awakens: 2,043 BTC 
Moved After 7-Year Slumber In some other news, the stablecoin market cap has 
dipped recently, as Capriole Investments founder Charles Edwards has 
highlighted in an X post. Edwards has pointed out that the stablecoin market 
cap has historically only fallen in bear markets. If the recent trajectory of 
the combined USDT and USDC market cap is to go by, capital may once again be 
leaving this side of the sector. BTC Price Bitcoin recovered above $70,000 
earlier, but the coin has since retraced a bit as its price is now trading 
around $67,700. Featured image from Dall-E, chart from TradingView.com

Bitcoin Social Sentiment Stays Bearish Even As Price Recovers From $60,000 Drop

XRP Community Day has put Ripple’s token back in focus as traders look for 
catalysts amid a fragile market structure. The community-led event highlights 
ecosystem updates, developer activity, and ongoing engagement around the XRP 
(XRP) Ledger. This could help refocus…

XRP price prediction: Will XRP Community Day trigger a rally?

BNB Chain’s real-world assets surged 555% in Q4 2024 as institutions tokenized 
funds and stocks, even as BNB’s market cap and DeFi TVL faced volatility. 
Real-world assets on BNB Chain (BNB) expanded 555% year over year in the 
fourth quarter…

BNB Chain real-world assets soar 555% on institutional demand

Cathie Wood’s ARK Invest bought nearly $50 million of Robinhood, Bullish and 
Circle shares as Bitcoin dipped and US spot BTC ETFs saw $276 million in 
outflows.

Cryptocurrency price in BTC