Viral Tweet Sparks Bitcoin Drop: Market Volatility and Bearish Sentiment Surge
March 26, 2025
On March 26, 2025, a humorous tweet by @MilkRoadDaily about family pressure to sell Bitcoin triggered notable market reactions.
Following the tweet, Bitcoin's price fell from $65,000 to $64,800 within the first hour, accompanied by a 12% surge in BTC/USD trading volume to 2.3 million BTC.
On March 25, Bitcoin's trading volume reached $23.4 billion, an increase from $22.8 billion the previous day, likely due to heightened social media engagement.
The tweet received over 10,000 retweets within 24 hours, showcasing the emotional toll of current market conditions on retail investors.
The Crypto Fear & Greed Index fell from 45 to 40, indicating a growing sense of fear in the market, which had been declining for a month.
The put/call ratio for Bitcoin options increased from 0.65 to 0.70, reflecting a shift towards more bearish sentiment in the options market.
The market was experiencing volatility, evidenced by widening Bollinger Bands, indicating increased price fluctuations at that time.
Technical analysis indicated that Bitcoin was trading below both the 50-day and 200-day moving averages, reinforcing a bearish outlook.
There was a 1.5% increase in short positions on Bitcoin futures, rising to 23,000 contracts, as traders anticipated further price declines influenced by the tweet.
Average transaction fees on the Bitcoin network rose from $2.10 to $2.35, suggesting increased demand for transaction processing following the tweet.
Technical indicators showed Bitcoin's RSI at 42, indicating a neutral market condition, while the MACD suggested potential further downside.
The correlation between Bitcoin and the S&P 500 was strong at 0.75, suggesting that broader market sentiment influenced crypto movements.
Summary based on 4 sources
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Sources

Blockchain.News • Mar 25, 2025
Milk Road Discusses Bitcoin's Struggle Below $200K | Flash News Detail
Blockchain.News • Mar 26, 2025
Milk Road Highlights Market Sentiment Amidst Bitcoin Downtrend | Flash News Detail
Blockchain.News • Mar 26, 2025
Milk Road's Humorous Take on Bitcoin Price Movements | Flash News Detail
Blockchain.News • Mar 27, 2025
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