Santiment Bitcoin Faces Persistent FUD on Social Media Platform X

According to Santiment data, Bitcoin faced “persistent FUD” on social media platform X during its consolidation period around $65,000. The continuous level of FUD is rare due to traders surrendering. Furthermore, its weighted sentiment index, which measures the mention of Bitcoin on X and compares the ratio of positive and negative comments, has been negative since May 23. FUD represents fear, uncertainty, and doubt.