Bitcoin is entering the new week under a cloud of doubt, with social sentiment tilting to fear just as price action continues to stall below $66,800.
Data from Santiment shows a noticeable change in crowd behavior, hinting that the market’s mood may be reaching an inflection point. Sentiment extremes have often corresponded with turning points in previous cycles, but the current backdrop of price action is somewhat confusing.
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FUD Returns With Bitcoin Stalling At $66,800
On-chain analytics platform Santiment pointed out a notable change in crowd psychology on Saturday, reporting that bearish discussions across X, Reddit, Telegram, and other major platforms have increased to their highest ratio relative to bullish commentary since February 28th.
Bitcoin was trading at $66,800 at the time of the data snapshot, within what Santiment’s sentiment model designates as the FUD Zone. This is a threshold where negative commentary structurally overwhelms positive discourse.
The ratio stood at just 0.81 bullish comments for every 1.00 bearish comment, marking the most pessimistic social reading in five weeks. A review of Santiment’s chart shows the spread between bullish and bearish commentary widening materially through the final days of March and into the first weekend of April.
Bitcoin Sentiment Chart. Source: @santimentfeed On X
Santiment attributed the deteriorating sentiment in part to an extended period of stagnancy across the broader cryptocurrency market throughout 2026, a year that has so far frustrated bulls who anticipated a reversal of 2025’s year-end bearish momentum.
Bitcoin spent much of the first quarter trading bearish, and the lack of a meaningful breakout appears to be wearing on retail participants. Furthermore, Bitcoin ended Q1 2026 with a negative 22.1% close.
Peak FUD Could Be The Setup Bulls Are Waiting For
This sentiment deterioration has been characterized by the Bitcoin price action relatively compressed below $70,000, with repeated attempts to reclaim higher levels in late March and early April being met with rejection.
However, the very depth of current pessimism is being read by Santiment as a constructive signal. The firm’s commentary leaned contrarian, noting that markets have historically tended to move in the opposite direction of prevailing crowd expectations. According to the on-chain analytics platform, a high level of FUD like this is a good sign that things can turn positive sooner rather than later.
There are also external uncertainties playing a role in how the sentiment surrounding Bitcoin has turned out. Geopolitical tensions and regulatory discussions, including those surrounding the proposed CLARITY Act, are causing hesitation among participants.
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These factors are feeding into the broader what-if environment, and they are limiting the ability of Bitcoin’s investors to keep their optimism. At the time of writing, Bitcoin is trading at $66,650, down by 0.5% in the past 24 hours.
Featured image from Unsplash, chart from TradingView
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Monero (XMR) spiked to its peak levels in three months, in the face of challenges in the crypto market.
XMR has been gaining momentum since June 13 as it has been enjoying highest highs over the past few months.
The token has been on an uptrend for the fourth day in a row and today it’s at fever-pitch with an intraday high beaming at $153.09 3hich is considerably the highest gain it has had since June 13.
With this big move, XMR/USD has set its targets on a new resistance level at $155, which will be considered as the price ceiling for many traders. This new price ceiling will come in tandem with another resistance level.
Monero Going For A Bull Run At $175
Two things can happen: The bears might look at the market scenario as being overbought and will then reenter or can even push other bulls to vacate their recent positions. On the other hand, if a breakout happens, then Monero could push for a bull run toward a higher ceiling eyed at $175.
XMR was able to breach its support zone and is now trying to retest the trendline. XMR is currently going for an ascending triangle pattern.
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The XMR/BTC pair soared by 0.67% in market cap and is currently trading at 0.006390; evident in the past 24 hours.
XMR is showing a downtrend after it has successfully breached the long-term resistance zone and has turned the supply zone now at $135.
It has been retesting that resistance level by forming higher highs and higher lows. It has now tried doing the contrast and forming lower lows and lower highs for a shorter time frame.
XMR total market cap at $2.76 billion on the daily chart | Source: TradingView.com
The Monero coin has been showing a bearish movement as it was able to cross the long-term demand zone.
The bearish trend has caused the breakdown set at $200 giving away a sell-off signal. Now, the coin is trading under the supertrend line which works as a resistance.
So, if XMR can break out of its triangle pattern, it will show a bullish streak in price. If it cannot sustain the supertrend line of $200 then the price can further drop to $100.
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XMR Forms Falling Wedge Pattern
If the $135 supply zone is breached, then this can push the price up to $175. XMR is currently forming the falling wedge pattern as it shoots for lower lows and lower highs.
Consequently, the Average Directional Movement Index (ADX) has slumped over the past few days and it even further dipped below 20 with coin facing rejection at the $135 zone.
On the brighter side, the ADX curve is now seeing some recovery and went for an uptrend.
Overall, it’s looking bullish for the crypto as of press time with the resistance zone falling in between $135 to $175.
Featured image from Coin Central, chart from TradingView.com
The number of addresses that acquired the cryptocurrency within 20% of the all-time high price climbed six-fold to a record 116,560 in the eight days to Nov. 2, amounting to 12% of the total count of non-zero addresses, according to data provided by blockchain analytics firm IntoTheBlock.