Bitcoin bulls in full retreat as BTC sentiment slumps to ‘fear’ territory

The Crypto Fear & Greed Index, which measures current sentiments across the crypto market, moved from “Extreme Greed” toward “Fear,” as most cryptocurrencies traded in a sea of red.

Further, Bitcoin’s Network Realized Profit/Loss on-chain metric suggests that coins moving on the blockchain are on average doing so at a loss, just ten days after Bitcoin set a record high.

According to behavioral analytics firm Santiment, Bitcoin’s social metrics point out that investors are no longer expecting new highs and a perennial bull market in the near future.

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