Data shows the Bitcoin market sentiment has turned neutral today as the price of the cryptocurrency has taken a plunge below the $29,000 level.

Data shows that Bitcoin traders have started this week with an optimistic sentiment, but here’s why this could fire back for the cryptocurrency.

Data shows that Bitcoin investors have turned fearful again as the market sentiment has now dropped to the lowest value since early January.

Data shows the Bitcoin market sentiment has declined to neutral today as the price of the asset has dropped below the $22,000 level.

Bitcoin investor sentiment had wavered following the implosion of the FTX crypto exchange.