Bitcoin Surpasses $78,000 Amid Bearish Sentiments

Bitcoin's value has reached a new milestone, exceeding $78,000 for the first time since early February 2026. This price increase comes as investors are still grappling with bearish sentiments, despite the asset's upward momentum.

The crypto futures market saw significant liquidation volumes over the past 24 hours, totaling over $750 million. This liquidation affected more than 163,000 traders, with the majority of losses coming from bitcoin and Ethereum positions.

Despite the price rally, the fear and greed index remains in the fear zone, indicating that market participants are still cautious. Analysts at Santiment note that retail investors' sentiment is subdued, with a higher number of bearish comments compared to bullish ones.