The price of Bitcoin is I’ve been struggling for stability latelyChanges in sentiment surrounding an asset have become as important as the price movement itself. The cryptocurrency fell further this week to the mid-$80,000 range in a downward trend. It kept buyers on the defensive.
New data from on-chain analytics platform Santiment shows a breakdown in crowd sentiment. The chart shows Bitcoin’s downward trajectory and sharp decline from bullish to bearish, consistent with retail trends. Traders react emotionally There is a continuous selling trend.
Bitcoin sentiment plunges to lowest level since 2023
Sentiment data shows: Bitcoin sentiment across major social platforms fell to its lowest point since December 11, 2023. The ratio of bullish to bearish comments on X, Reddit, Telegram, and other hubs has deteriorated sharply, forming a sharp decline in the sentiment charts that coincides with Bitcoin’s recent price decline.
Retail participants are succumbing to a Bitcoin environment dominated by fear and pessimism at a rate not seen in two years, according to an on-chain analytics platform. The chart image captures a clear downward swing in sentiment, showing that positive commentary has been overwhelmed by bearish voices as the Bitcoin price correction intensifies.
BTCUSD trading at $86,201 on the 24-hour chart: TradingView
Speaking of Bitcoin’s price correction, market conditions throughout November saw repeated sell-offs as traders reacted to all failed recovery attempts. Candlestick patterns on the charts consistently show lower highs and lower lows, and this structure has increased retail panic.
📊 Bitcoin sentiment across social media has officially fallen to its lowest point since December 11, 2023. According to both bullish and bearish comments on pic.twitter.com/4Hi0iTgsHO
— Santiment (@santimentfeed) November 21, 2025
Panic selling can be seen in sharp declines in both price charts and sentiment indicators. The capitulation is now unfolding across several cryptocurrency exchanges, with many traders abandoning their bullish positions after seeing Bitcoin lose the important psychological level of around $90,000.
According to Santiment Data Cited Crypto analyst Ali Martinez sent 20,000 BTC worth nearly $2 billion to an exchange last week.
20,000 Bitcoin $BTCNearly $2 billion was sent to exchanges last week! pic.twitter.com/V6CCRIXUTg
— Ali (@ali_charts) November 22, 2025
Will there be more losses ahead?
The question of where Bitcoin is going has divided market participants into two different camps. Many analysts are analyzing it. Additional decline possible Because of what continues Spot Bitcoin ETF leaks Whale activity is low in the Bitcoin futures market. that view is supported by data. Describing the current situation as a “whaleless market”, CryptoQuant explains how retail investors are currently doing a lot of the heavy lifting and how fatigue is showing.
However, examples of optimistic outlooks include: Conflicts are actually a good thing. This means that Bitcoin’s four-year cycle is coming to an end and a new cycle will soon emerge.
As of this writing, Bitcoin is trading at $85,502, up 1.3% in the last 24 hours.
Featured image from Financial Services Commission, chart from TradingView
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