Santiment: BTC social sentiment turns bullish, reaching a four-month high

Deep Tide TechFlow News, May 7th, according to on-chain data platform Santiment (@SantimentData), as Bitcoin price reclaims above $80k, the ratio of bullish to bearish comments on social media has risen to 1.37:1.00, the highest level in nearly four months, indicating a significant increase in market optimism.

However, Santiment warns that historical experience shows that a sharp rise in bullish sentiment is often a warning sign rather than a buy signal — when retail FOMO dominates social media discussions, traders tend to enter late in the trend, increasing the likelihood of local tops, profit-taking, and sudden price fluctuations. Santiment points out that the most euphoric moments in market sentiment are often just before momentum begins to cool down.

In comparison, after the Kelp DAO vulnerability incident in mid-April, social sentiment briefly dropped into a deep bearish zone, and the exit of “weak-handed investors” actually laid a healthier foundation for this round of rebound. The current sentiment has reversed significantly, and Santiment advises traders to be cautious of potential risks associated with excessive leverage and overly concentrated positions.