Speaking of Bitcoin (BTC), the tweets reached a new peak of 232.7k in a 24-hour period. The record was broken yesterday (May 20). While some Bitcoin tweets indicate that investors are panicking, the majority are optimistic that Bitcoin’s $ 50k support will regain.
The number of tweets related to Bitcoin reached its all-time high of 232.7 thousand in the last 24 hours. This milestone was captured by The Tie team, who pointed out that the record was broken yesterday on May 20. The team shared the chart below, which provides a visual of the increasing volume of tweets related to Bitcoin.
The Santiment Feed team also investigated the current sentiment surrounding Bitcoin on Twitter and concluded that the ongoing FUD caused cryptocurrency traders to go into panic mode. Also, the Bitcoin funding rate on Bitmex is heading to a record-breaking zone of -0.25%, which indicates that shorts outperform long positions. The team shared their observations via the description and accompanying graphic below.