Crowd Fear Could Signal Bitcoin Price Rise Despite More Silk Road Sell-Offs

• Bitcoin flashing bullish signal due to decreased long-term optimism from the crowd, which historically leads to continued price rises

• Crowd sentiment has wavered since recent correction, reflecting fear/bearishness - a potentially bullish sign per Santiment

• Market believes recent dip caused by government selling seized Silk Road bitcoins; crowd fear around this has preceded spikes before

• Still expected 4 more sell-offs of around 10k bitcoins from Silk Road seizure through 2024

• Bitcoin currently trading around $67,905, slightly down over past day