Crypto Crowd Is Bearish, BTC Leads Rebound: Is It a Dead-Cat-Bounce?

• The crypto crowd has turned extremely bearish after the Bitcoin price dropped to a low of $60k.
• Santiment warns rebound may be a dead-cat bounce as crowd stays bearish.
• Falling liquidity and a macro bear trend signal BTC nearing an accumulation zone.

The crypto community has turned extremely fearful after Bitcoin (BTC) capitulated to $60,000. Despite the mild Bitcoin price rebound on Friday, February 6, 2026, the crypto community has remained extremely bearish.

According to data from CoinMarketCap, its Fear and Greed index dropped to 5/100, the lowest in more than three years. Furthermore, more than 580k crypto traders have been liquidated of over $2.5 billion during the past 24 hours, mostly involving long traders.

Crypto Traders Predict Further Capitulation Amid Fear

According to Santiment analysis, the majority of crypto investors on social media are calli…

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