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Santiment: Crypto Market Has Not Shown Enough Panic to Confirm a Bottom

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BTC
$88,239.80-0.03%
The crypto market has yet to show enough panic to confirm a bottom, according to Santiment. Founder Maksim Balashevich noted that optimism about a short-term reversal is usually absent at true market bottoms. Bitcoin could fall to $75,000, a 14.77% drop from $88,000. The Bank of Japan’s rate hike previously caused a 20% Bitcoin correction. Fidelity’s Jurrien Timmer sees Bitcoin at $65,000 by 2026. The fear and greed index remains in extreme fear, with a score of 20. Traders are advised to monitor altcoins to watch amid ongoing crypto market uncertainty.
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