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Bitcoin slipped toward its lowest levels of 2026 on April 4 as social sentiment weakened alongside renewed price pressure.
Bitcoin traded near $66,800, while Santiment data showed bearish discussion reached its highest level since late February 2026.
Santiment reported that Bitcoin recorded its highest level of bearish discussion since February 28. The platform also found that positive comments fell to 0.81 for every bearish comment, indicating negative talk now dominates online discussion.
Across major social platforms, traders posted about five bearish comments for every four bullish ones as the asset traded near $66,800.
The shift in sentiment coincided with continued high crypto market volatility, which pushed Bitcoin below the $70,000 mark. The rise in negative commentary alongside the price decline pointed to growing fear, uncertainty, and doubt in the broader market.
Retail traders appeared more cautious as Bitcoin pulled back to one of its weakest levels this year. The article linked the move to weakening spot demand alongside leverage that remained elevated during the latest pullback.
That combination suggests spot buyers have slowed down, while leveraged positions continue to stay active and contribute to pressure during volatile trading sessions.
Despite weaker sentiment, institutional demand remained more stable. Bitcoin ETFs continued to attract attention, and corporate holders including Strategy and Metaplanet kept adding Bitcoin exposure even as the market declined.
The contrast highlighted a split in market behavior: smaller traders reacted more directly to price weakness and online sentiment, while larger players focused on longer-term positioning during the current pullback.

In brief\n\nBitcoin dropped to about $93,000, falling back below the EMA50 and putting its recent golden cross at risk of invalidation. The global crypto market cap stands at $3.15 trillion, down 2.38% in 24 hours. On Myriad Markets, 82% of the money is betting on Bitcoin pumping to $100K before…