Bitcoin Slumps to $66,800 as Bearish Sentiment Hits Multi-Year High

Bitcoin price remains under pressure near the $67,000 level following a sharp drop to $66,800, intensifying concerns over broader market stability. According to Santiment data, bearish social sentiment has reached a peak not seen since February 2026, signaling a significant shift in market psychology. Recent Binance order-book data further reveals that multiple investor classes are actively selling coins heading into the weekend. This broad selling pressure follows diverging corporate strategies, where Nakamoto Inc. recently liquidated its holdings at a loss. Traders are now warning that new price lows may be inevitable as the market struggles to regain momentum amid mounting sell-side pressure. Consequently, the narrative of Bitcoin as a stable corporate treasury reserve asset faces renewed skepticism during this period of high volatility.