Bitcoin rebounded to $114,500 after escaping the panic zone! Santiment warns: the FUD storm may just be beginning.

Bitcoin (BTC) temporarily fell to $112,350 on Wednesday evening, with the fear and greed index dropping to 44 (fear zone), marking a two-month low. However, by Thursday morning, BTC had rebounded to $114,500, with market sentiment recovering to neutral (50). Nevertheless, Santiment warns that fear, uncertainty and doubt (FUD) may not be over, and fluctuations could intensify in the coming days.

From Fear to Neutral: BTC Short-term Rebound

Price low point: $112,350 (Wednesday night)

Rebound high point: 114,500 USD (Thursday morning session)

Sentiment Index: Rebounded from 44 (Fear) to 50 (Neutral)

Santiment analysts pointed out that the cryptocurrency market has rebounded as expected, but reminded investors to "be wary of more FUD" and that "market trends often go against public expectations."

Community Hot Discussion on Assets and Emotional Fluctuation

Santiment data shows that the assets with the highest community attention recently include:

1. Bitcoin (BTC)

2. Tether (USDT)

3. Ripple (XRP)

4. Cardano (ADA)

5. Niche Meme Coin SNEK

Bitcoin entrepreneur David Bailey described BTC sentiment as "flickering like a flame," quickly switching between excitement and panic, and advised investors to remain calm and focused.

Macro factors and policy signals affecting the market

SignalPlus Insights Director Augustine Fan stated that macroeconomic factors are intensifying short-term resistance.

U.S. Treasury Secretary Scott Baker once stated that the government would no longer purchase Bitcoin as a strategic reserve. Although he later retracted this statement on X, it has already impacted market sentiment.

In the past 24 hours, the total market capitalization of cryptocurrencies has risen by 2%, rebounding to 3.96 trillion dollars, but analysts warn that fluctuations may continue this week.

Focus shifts to Jackson Hole meeting

Investors are paying attention to Federal Reserve Chairman Powell's speech at the Jackson Hole conference on Friday, which has historically had a profound impact on global markets.

Market expectations: The probability of a rate cut in September is 82% (CME FedWatch), but this number has recently decreased.

Potential impact: If Powell's stance is dovish and hints at rate cuts, the market may experience strong buying; on the contrary, if he maintains a hawkish position, BTC may come under pressure again.

BitGo stated: "Powell's remarks may shake both the stock market and the crypto market."

CNBC trader Ran Neuner pointed out: "Jackson Hole will determine the future direction of cryptocurrencies."

Conclusion

Bitcoin has already exited the panic zone and rebounded in the short term, but Santiment warns that the risk of fear, uncertainty and doubt (FUD) still exists, and macro policies and the Federal Reserve's movements will be key triggers for the next market cycle. Investors should closely monitor the defense and offense situation at the resistance level of $114,500 and the support level of $112,000, and pay attention to the impact of Powell's speech on market sentiment. For more real-time market updates and on-chain analysis, please follow the official Gate platform.