Extreme FUD Persists on Social Media Despite Recovery of $60K BTC Dip

Extreme FUD lingers after Bitcoin’s $60,000 repeat, with bearish social sentiment outpacing bullish posts.

Bitcoin (BTC) dropped back below $67,000 on Wednesday, February 11, extending the volatility that began with last week’s drop to $60,000.

Despite those ups and downs, social data shows that fears remain high, with traders divided over whether the worst of the sell-off is over.

Social Sentiment Remains Bearish as Volatility Spikes

Data shared by on-chain analytics company Santiment shows a high ratio of bearish to bullish posts even after Bitcoin has recovered from its $60,000 dip. According to the company, retail investors seem hesitant to buy at current levels, while large holders face little resistance to accumulation in times of panic.

Santiment added that, historically, rebounds have often followed spikes in fear, although he could not say that this is a low confirmation.

Meanwhile, short-term price action is still volatile, with market watcher Ash Crypto reporting that Bitcoin’s fall below $67,000 wiped out nearly $127 million in long positions within four hours.

At the time of writing, market data from CoinGecko showed BTC trading around the $66,700 region, down about 3% in the last 24 hours and about 13% for the week. Over the past 30 days, the flagship cryptocurrency has fallen more than 27%, and remains 47% below its October 2025 all-time high.

The 24-hour range between $66,600 and $69,900 is indicative of continued daily volatility, while weekly prices range from around $62,800 to $76,500, showing how stable conditions are.

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Volatility metrics support that view, with Binance data cited by Arab Chain analysts showing that Bitcoin’s seven-day annual volatility has risen to around 1.51, its highest reading since 2022. However, the 30-day and 90-day measures remain low at 0.81 and 0.56, suggesting that recent major volatility has not changed. According to analysts, the actual range as a percentage remains near 0.075, which has historically been a depressed level that often comes before a major move.

Bear Market Comparisons Resurface

A report earlier this week noted that Bitcoin has closed three consecutive weeks below its 100-week moving average, a pattern seen in previous bear markets. CryptoQuant founder Ki Young Ju wrote on February 9 that “Bitcoin can’t pump yet,” arguing that selling pressure is limiting the opposite trend.

Some analysts, including Doctor Profit, described the current structure as a broad range of consolidation between $57,000 and $87,000, warning that sideways trading could precede another downward leg.

In addition, big data adds to the tone of caution, as XWIN Research Japan notes that weak US retail sales and slowing wage growth mean consumption is slowing, which could weigh the stock at risk in the short term. The company also noted a Coinbase Premium Gap continuing through late 2025, suggesting weak demand for the US space compared to derivatives-driven activity.

However, not all voices in the industry are focused only on price cycles, with Maksym Sakharov of WeFi saying that he believes that Bitcoin sentiment will eventually strengthen despite the fall in prices, but for different reasons than in previous circles.

“I believe that Bitcoin sentiment will turn out to be even stronger despite the falling prices, but this time it will not be only about the price or speculation, but also about the real acquisition,” said Sakharov.

At the moment, BTC is sitting in a narrow zone between fear-driven uncertainty and technical support near $60,000, traders are watching the higher volatility resolve or lower slightly in the coming weeks.