Bitcoin sentiment turns negative as price drops, a potential opportunity for bulls

Bitcoin’s price action has led to four weeks of negative crowd sentiment, signaling a potential opportunity for bullish traders.

Despite a 3% drop in the past 24 hours, sentiment remains pessimistic, with fear and disinterest prevailing. However, Santiment’s indicators suggest that whale accumulation and trader fatigue could lead to a bounce back.

With Google Trends showing a decline in retail interest and outflows from bitcoin ETFs, some expect further downside to $60,000. Long-term outlook remains bullish despite short-term challenges.