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Santiment: Ethereum Negative Sentiment at Lowest Level in 2023

AirdropBlackHole

2026-05-23 09:31:17

On May 23, Santiment released its weekly market summary, stating that Bitcoin ETFs experienced net outflows on 9 out of the past 10 trading days, with the current Bitcoin price around $77,500. This trend is seen as a reflection of weakening retail investor confidence. Meanwhile, Ethereum's market sentiment has dropped to its lowest level in 2023, although its number of non-zero addresses has reached 192.92 million, which is more than three times Bitcoin's approximately 59 million. Santiment also noted that the current ratio of bullish to bearish comments on Bitcoin has risen to 2.23, the highest level within 2026, and historically, such heightened sentiment often precedes short-term corrections.

ETH3.16%

BTC2.13%

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