Bitcoin’s fragility of the moment has affected this BTC HODLer motto the most
Bitcoin [BTC] can be considered as one of the worst hit tokens since the Ethereum [ETH] Merge last week. The token even dived to its three-month lows since last week as it crashed to below $18,500. However, at the time of writing, BTC did witness a major uptick as the price surged by 4.7% to stand at $19,400. Despite climbing back above $19,400, the sentiment around BTC looks negative.
As per Santiment, social trends in the last week have taken a major turn. Cryptocurrencies such as ETH and Cardano [ADA] have seen a massive uptick related to their respective upgrades.
However, one of the fatalities of this narrative has been Bitcoin, as it saw a sharp decline of 17.5% in social volume. Historically, a higher social trend has always appreciated Bitcoin’s prices in the short-run at least.
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