Bitcoin investors have been exhibiting fearful sentiment as the cryptocurrency's price has dropped below $27,000. According to Santiment, BTC's social dominance has recently seen an increase, indicating that interest in BTC among investors is higher than that of altcoins.
Historically, high interest in altcoins has been a sign of greed in the market, while high social dominance of BTC suggests fear. The emergence of fear implies a higher probability of a local bottom being discovered soon, following which a rebound could take place.
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