According to Santiment analysis, as Bitcoin prices rebound and climb back above $80k, the ratio of bullish to bearish comments on social media has risen to 1.37:1.00, reaching the highest positive crowd sentiment level in about four months, indicating increasing trader optimism. However, Santiment states that historically, a rapid rise in bullish sentiment often serves more as a warning signal rather than a direct buy signal; when retail investors become overly confident that prices will continue to rise and social media FOMO heats up, the market is more prone to local tops, profit-taking, and sudden volatility. This does not necessarily mean the Bitcoin rebound has ended, but compared to weeks ago when panic and uncertainty dominated the market, the current risk level is rising.

BTC-0.24%
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