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Bitcoin 43% social chat dominance suggests 'key entry point' ahead

cryptoweekly by cryptoweekly
July 20, 2025
in bitcoin, News
0

Santiment says the “historic social dominance spike” may indicate another buying opportunity for Bitcoin in the near term.

Nearly half of all crypto-related mentions on social media this week centered around Bitcoin as it hit new highs, a level of dominance that may signal a local top and a potential short-term pullback, according to sentiment platform Santiment.

“As Bitcoin’s market value crept above $123.1K for the first time in its 17+ year history, there was an equally historic social dominance spike,” Santiment analyst Brian Quinlivan said in a report on Wednesday.

“43.06% of all crypto discussions were about $BTC just as the coin’s market value was peaking,” Quinlivan added. Quinlivan said that “the sudden spike was indicative of many retail traders FOMO’ing in,” challenging the view held by several other industry participants who believe retail investors have yet to enter the market. 

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Recent Posts
  • GENIUS Act blocks Big Tech, banks from dominating stablecoins: Circle exec
  • Charles Hoskinson says audit report ‘shaping up’ for August release
  • Bitcoin 43% social chat dominance suggests 'key entry point' ahead
  • XLM's price to rocket like XRP, Trump’s big crypto nod: Hodler’s Digest, July 13 – 19
  • US Lawmaker sounds alarm on GENIUS bill, says it's a CBDC Trojan Horse
  • Macro drivers will dampen Bitcoin’s halving cycle — Tim Draper
  • Indian crypto exchange CoinDCX hacked, $44 million drained

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