Amid one of the sharpest selloffs in recent crypto history, bitcoin sentiment data shows holders shaken but overwhelmingly unwilling to abandon their positions. Bitcoin did not just dip. It plunged 46% from its $126K all-time high, briefly breaking below $61K on February 6 in the steepest selloff since FTX. More than $1 trillion in value evaporated. However, despite the market mayhem, most investors stayed put as headlines turned dramatic and social feeds filled with panic.
Bitcoin sentiment and the anatomy of a crash as holders choose conviction over capitulation
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AI INSIGHT
Bitcoin plunged 46% from its $126,000 all-time high to briefly trade below $61,000 on Feb. 6, wiping more than $1 trillion in market value; the drop was the steepest selloff since FTX. On-chain sentiment indicators show holders were shaken but largely did not liquidate positions during the selloff.
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