Bitcoin social media discussions accounted for 43%, analysts warn of short-term pullback risks.
According to ChainCatcher news and a report from Cointelegraph, data from the market analysis platform Santiment shows that Bitcoin accounts for 43.06% of discussions on Crypto Assets social media, reaching an all-time high. Analysts point out that such high popularity is often accompanied by short-term price pullbacks and advise investors to wait for market sentiment to cool down before looking for get on board opportunities.
Despite Bitcoin's price recently hitting a historical high of $123,100, some analysts believe the market has not yet shown signs of overheating. CryptoQuant analysts point out that typical market peak indicators have not yet appeared, suggesting that the upward trend may continue.
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