📉 Bitcoin just dropped -4.5% in the span of just 2 hours, falling to a market value of $64.2K for the first time since February 5th.

🌊 Many longs have gotten liquidated, and $BTC open interest has dropped to as low as $19.5B, under half of the 2026 peak of $38.3B back on January 14th.

😡 Despite this retrace occurring late Sunday night in the US (a typically low social volume time of the week across social media), negative sentiment has skyrocketed to a 2-week high. With the $65K support level breached, retail has quickly gone into FUD mode, which can historically help propel a quick rebound.

🧐 Track how negative sentiment and open interest change on this handy Santiment chart!

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