Bitcoin Rebounds Above $79,000 Despite Sharp Drop in Retail Social Sentiment

Bitcoin touched an intraday high of $79,393 on Binance, testing levels above $79,000 despite sharp retail pessimism following U.S. election results. Data from analytics platform Santiment shows Bitcoin's positive-to-negative sentiment ratio plunged to 0.51, down from approximately 1.8 on October 20 when the asset traded above $85,000. Earlier, Bitcoin traded near $78,123 amid regulatory uncertainty and multi-year low retail inflows of 281 BTC on Binance. Santiment noted that sustained prices above $79,000 alongside deep crowd pessimism could mark a contrarian divergence historically linked to market reversals.