Santiment Flags Extreme Fear as Bitcoin Recovers From $60K Drop and Eyes $70K Level

Bitcoin fell to roughly $60,000 before rebounding toward $65,000, with Santiment on February 6 linking the recovery to a spike in social media calls for the price to move lower. The pullback erased weeks of gains and left BTC nearly 9% down on the day and about 30% lower over the past month, while traders remain split on whether extreme fear and heavy short positioning can drive a move back toward $70,000 or signal further downside.