Amid the red crypto market, Bitcoin (BTC) seems to be leading by continuously dropping below $70,000, grabbing the attention of investors and traders alike.

Data from CoinMarketCap shows that the global crypto market capitalization is now at $2.46 trillion, indicating a 6.39 percent decrease in the last 24 hours. Meanwhile, the price of BTC at the time of writing is around $65,220, down more than 5.5 percent in the same period.

Despite the market downturn, optimistic sentiment remains strong among crypto enthusiasts. Sentiment, an on-chain analytical platform, highlights the prevailing confidence in the market.

According to Sentiment, this major crypto price has continued its concerning decline to begin the month of April. However, the crowd remains very strong and shows confidence in the prospect of a quick rebound.

U Tuday reported that Sentiment analysis has revealed interesting patterns in the language used across social media platforms. The frequency of positive words associated with purchases and bullish sentiment, such as buy, buying, bought, and bullish, was observed to be almost double that of negative terms like sell, selling, sold, or bearish.

Historically, scenarios like this often signal potential buying opportunities in the crypto market. The best buying opportunities occur when the crowd consensus shows little fear of further BTC price decline. This often results in small wallets dropping their bags for crypto whales and sharks to take. This analysis indicates that despite the recent market correction, there is a significant level of confidence among retail investors.

Meanwhile, a well-known crypto YouTuber, Crypto Rover, stated in a tweet that he had placed a purchase order for $1,000,000 in the range of $60,000-$58,000.

This scenario illustrates the volatile yet resilient nature of the crypto market. Despite facing significant drawdowns, the fundamental sentiment among investors, ranging from casual fans to experienced influencers like Crypto Rover, tends toward an optimistic view of the potential recovery and market growth.

Such resilience demonstrates the evolving maturity of the crypto market, where short-term fluctuations are increasingly viewed in the context of long-term investment.