Santiment: Bitcoin price calls are 'drying up' and that's healthy

Santiment says the number of market participants predicting new Bitcoin all-time highs has tapered off, and considers that a positive sign. "Calls for Bitcoin to hit $150k to $200k, and even $50k to $100k, are drying up," the firm wrote, adding that a reduction in FOMO and 'Lambo' memes shows retail optimism is fading.

Prominent advocates such as BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee had been calling for prices as high as $250,000 for 2025, while Bitcoin actually reached $126,100 in October before entering a downtrend and finishing the year lower. The asset is down 24.39% over the past 30 days; it dropped to near $60,000 on Feb.

6 and had edged up to $67,847 at the time of publication, per CoinMarketCap. Sentiment, measured by the ratio of bullish to bearish social comments, has moved from "extreme bearishness" back to neutral, which Santiment says can make trading decisions harder. The platform recommended avoiding trading in such scenarios or at least discounting the significance of sentiment metrics.

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