Krutika Adani
Crypto market analytics firm Santiment expects a delay in Bitcoins' new all-time high (ATH) because of a too-bullish outlook in the markets.
The data shared by the firm shows that the ratio of bullish to bearish posts is at 1.8:1, which shows that the broader markets are too much bullish.
Further, the Bitcoin Fear and Greed Index has also turned bullish and reached 61 at press time.
As the social sentiment is too hot, any correction in the markets could trigger a panic and widespread liquidations.
Bitcoin is set to gain 12% this month, making it the best-ever gains the crypto had in its history for September month.