{"id":566959,"date":"2021-05-21T11:20:46","date_gmt":"2021-05-21T08:20:46","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=566959"},"modified":"2021-05-21T11:20:46","modified_gmt":"2021-05-21T08:20:46","slug":"bitcoin-related-tweets-hit-an-all-time-high-of-232-7k-in-24-hours","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/bitcoin-related-tweets-hit-an-all-time-high-of-232-7k-in-24-hours\/","title":{"rendered":"Bitcoin Related Tweets Hit an All-time High of 232.7k in 24 hours"},"content":{"rendered":"<ul>\n<li><strong>Tweets discussing Bitcoin have hit a new peak of 232.7k in a 24 hour period<\/strong><\/li>\n<li><strong>The record was set yesterday, May 20th<\/strong><\/li>\n<li><strong>The same Bitcoin tweets hint of panic by crypto-traders<\/strong><\/li>\n<li><strong>However, the majority are optimistic that Bitcoin&#8217;s $50k support will be regained<\/strong><\/li>\n<\/ul>\n<p>The number of Tweets about <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-bitcoin-btc-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Bitcoin<\/a> has hit a 24-hour all-time high of 232.7k. This milestone was captured by <a href=\"https:\/\/twitter.com\/TheTIEIO\/status\/1395527852288876552\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the team at The Tie<\/a> who also pointed out that the record was set yesterday, May 20th. The team went on to share the following chart that provides a visual of the increased tweet volume related to Bitcoin.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st.jpg\"><img class=\"aligncenter size-large wp-image-566960\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st-1024x632.jpg\" alt=\"\" width=\"1024\" height=\"632\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st-1024x632.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st-300x185.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st-770x475.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st-500x309.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st-240x148.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st-717x443.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Tweet-Vol-BTC-may-21st.jpg 1181w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<h2>Tweets on Bitcoin Hint of Fear and Panic by Crypto Traders<\/h2>\n<p>The team at Santiment feed also explored the current sentiment surrounding Bitcoin on Twitter and concluded that the ongoing FUD has caused crypto traders to <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoins-dip-to-30k-caused-8-09b-in-liquidations-in-the-last-24hrs\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">enter into panic mode<\/a>. They also cited that the Bitcoin funding rate on Bitmex had gone into record-breaking territory of -0.25% that indicates that shorts have overwhelmed long positions. The team shared their observations through <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1395512126198923269\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the following<\/a> statement and accompanying chart.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">Whether it&#8217;s <\/span><span class=\"r-18u37iz\">FUD<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> in the <\/span><span class=\"r-18u37iz\">Tweets<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">, or blood in the streets, it&#8217;s clear that <\/span><span class=\"r-18u37iz\">crypto<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> traders are in panic mode. The <\/span><span class=\"r-18u37iz\">Bitmex<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> contract funding rate, which tracks the ratio of longs vs. shorts, is revealing the lowest rate (-0.25%) since post-Black Thursday.<\/span><\/p><\/blockquote>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Twitter-FUD-May-21st.jpg\"><img class=\"aligncenter size-full wp-image-566961\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Twitter-FUD-May-21st.jpg\" alt=\"\" width=\"680\" height=\"392\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Twitter-FUD-May-21st.jpg 680w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Twitter-FUD-May-21st-300x173.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Twitter-FUD-May-21st-500x288.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/05\/Twitter-FUD-May-21st-240x138.jpg 240w\" sizes=\"(max-width: 680px) 100vw, 680px\" title=\"\"><\/a><\/p>\n<h2>Bitcoin Traders on Twitter Are Optimistic that $50k will be Reclaimed<\/h2>\n<p>The team at Santiment went on to post a Twitter poll asking whether Bitcoin will <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-closes-6th-straight-green-month-trading-30-days-above-50k\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">reclaim $50k<\/a> or retest the recent low of $30k. At the time of writing, over 1,400 Twitter users have responded with 52.4% for the idea that Bitcoin reclaims $50k moving forward. The Twitter poll can be found below.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Which price will <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Bitcoin<\/a> touch next?<\/p>\n<p>Make further market calls free, and win <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#crypto<\/a> prizes on our brand new prediction marketplace, <a href=\"https:\/\/t.co\/WE51EDRGCH\" rel=\"nofollow\">https:\/\/t.co\/WE51EDRGCH<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1395622720663171074?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">May 21, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>$42k Is Proving to be a tough hurdle for Bitcoin<\/h2>\n<p>With respect to price action, Bitcoin has posted a local high of $42,451 and up 41.5% from Wednesday&#8217;s low of $30k. However, Bitcoin has since dropped to $39,400 due to immense selling pressure between $42k and $40k.<\/p>\n<p>Once again, this price area will be a tough one to break as was the case back in early January when Bitcoin posted a new all-time high of $41,950. The King of Crypto would go on to consolidate between this level and $28,800 for the rest of the month, <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoin-miners-have-been-selling-their-bags-since-btc-hit-42k\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">before breaking $42k<\/a> in early February.<\/p>\n<p>Therefore, if history repeats itself, Bitcoin could once again be oscillating between $42k and $30k for a month or so.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tweets discussing Bitcoin have hit a new peak of 232.7k in a 24 hour period The record was set yesterday, May 20th The same Bitcoin tweets hint of panic by crypto-traders However, the majority are optimistic that Bitcoin&#8217;s $50k support will be regained The number of Tweets about Bitcoin has hit a 24-hour all-time high of 232.7k. This milestone was captured by the team at The Tie who also pointed out that the record was set yesterday, May 20th. The [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":566110,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800],"tags":[1233,6961,7000,1212],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566959"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=566959"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/566959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/566110"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=566959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=566959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=566959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}