Santiment: Panic sentiment is not sufficient to confirm a market bottom, bitcoin may still drop to $75,000

BlockBeats News, on December 21, Maksim Balashevich, founder of the crypto market analysis firm Santiment, stated that there is not yet enough panic sentiment on social media to confirm a market bottom. Bitcoin still has the potential to fall to around $75,000, which means there is still about 14.77% downside from the current level. Balashevich explained that many users remain optimistic that the downward trend will reverse in the short term, but when a true market bottom forms, this situation usually does not occur.

On Thursday, Jurrien Timmer, Director of Global Macro Research at Fidelity, said that bitcoin may "stagnate for a year" in 2026, with the price possibly dropping to around $65,000. Bitwise Chief Investment Officer Matt Hougan, on the other hand, predicted that 2026 will be a "bullish year" for bitcoin.