Analysis: The decline in Bitcoin has triggered a surge in panic sentiment, and the market may enter a buy-in rebound observation zone.

Deep Tide TechFlow News, on January 31, according to CoinDesk, the on-chain data analysis platform Santiment disclosed that the current social media panic discussion ratio about Bitcoin has risen to its highest level since 2026, while market sentiment indicators have fallen to their lowest since November last year. The overall atmosphere has shifted from cautious to明显 panic.

Analysis indicates that if macro market volatility continues or Bitcoin fails to recover key price levels that traders are watching, panic sentiment could persist for several days, and short-term trends may remain volatile. The current market is in a risk-off phase; after previous gains, stocks and precious metals have also experienced pullbacks. Cross-market liquidity contraction and cooling leverage may continue to impact the crypto market trend. However, a sharp deterioration in sentiment often approaches a phase of “surrender selling,” where retail investors exit under pressure, and long-term funds usually choose to absorb at low levels. If Bitcoin prices gradually stabilize, the current pessimism could quickly reverse and drive subsequent buying interest.