Santiment data shows that Bitcoin market sentiment has reached the most "one-sided bullish" level since 2026. Historically, after two similar peaks, there have been short-term price corrections.

Meanwhile, spot and futures trading volumes remain weak, with buying on dips appearing near the lower end of the range, but lacking the scale needed to reverse the downward trend.
The divergence between sentiment and trading volume suggests that the current bullish consensus is more based on "statements" on social media rather than genuine buying with real money.
Leverage long positions are opened near the lows, but if prices fail to gain enough buying support, these positions could instead fuel the next round of liquidations.
The market is waiting for a clearer signal—either a volume breakout or a cooling of sentiment followed by re-pricing.
Until then, extreme bullishness itself is a contrarian indicator worth cautioning against.
$btc #链上数据 #Blockchain #加密市场 #Crypto Circle