It was a dark and stormy fortnight—and by “stormy”, we mean panicked, chaotic, and entirely lacking umbrellas. As the planet busied itself with the S&P 500 performing what experts are calling “the reverse limbo” (how low can you go, but with existential dread), Bitcoin holders began jettisoning their coins faster than the Vogons could demolish a cricket ground.
Between April 6 and April 18, social media was aflame with dire price predictions ranging from “disaster zone” ($10K) to “slightly less disastrous, but still nightmare fuel” ($69K). Presumably, these numbers were also available as the answers to life, the universe, and everything in an alternate reality where equations are written with crayons. 🖍️
Ironically—because irony is a favorite dish at the crypto buffet—Santiment (whose job is to point and laugh at the crowd) declared this period the perfect time for some intergalactic bargain shopping. Buy when everyone’s crying, sell when they’re all posting rocket emojis. 📉➡️📈
Social Media: From Apocalypse to Moon Party
Fast forward several days and, quite like a pan-dimensional whale realizing it’s not falling but flying, Bitcoin bounced back. The market’s turbulent waters calmed and suddenly the chatter pivoted from “brace for impact” to “to the moon, and possibly Uranus”.
Current bullish price targets? A modest $100K–$159K. Sure, why not. Have we learned nothing? No, and that’s why it’s fun. Rocket emojis outnumber common sense. Retail FOMO is thicker and oiler than a Pan Galactic Gargle Blaster hangover.
The prophets at Santiment illustrate that Bitcoin now holds steady at 25% of crypto-related blather, but the positive sentiment is climbing like Arthur Dent scrambling out of bed late for work. (That’s very high, if you haven’t seen him.)
By the Numbers (If You Can Trust Numbers):
- Gold line = Net bullish vs. bearish babbling about Bitcoin. Much shinier than the actual coin.
- Purple bars = Bitcoin’s social dominance among the top 100 cryptos, which just means it never shuts up.
So, what do you get when everyone jumps on the “get rich quick” spaceship at once? According to elder traders—who have survived more market tops than mice have survived cheese—this is a classic sign we might be approaching another peak of optimism-induced financial slapstick. Would you like fries with that FOMO?
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2025-05-02 16:33