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BTC sentiment recently reached extreme pessimism at the price lows and extreme optimism near the highs

CoinNetwork
CryptoWorld News reports that recently, Bitcoin (BTC) sentiment reached extreme pessimism at price lows and extreme optimism at price highs. According to Santiment data, between May 21 and June 4, BTC sentiment peaked with optimism when approaching $78,000 on May 22, and showed pessimism when nearing the low point on June 3. Although sentiment is not a timing tool, strong confidence at highs and intense fear at lows are often opposite to trading profits. Bitcoin's recent trading price is around $62,400, down about 20% from the high at the end of May. Meanwhile, inflows into AI company investments stalled due to Broadcom's chip forecast missing expectations, causing global stock markets to retreat. The Korea KOSPI index fell 4.7%, while the Korean won and Indonesian rupiah are at multi-year lows. The US spot Bitcoin ETF experienced a small inflow of $3.05 million on Thursday after 13 days and $4.4 billion in outflows. Friday's US non-farm payroll report will be a key catalyst; if the data is weak, it will reignite market expectations for the Federal Reserve to cut interest rates.
BTC-3.45%
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This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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GateUser-bf5d0c14
· 12h ago
Broadcom's chip forecast is indeed disappointing, and AI narratives are under short-term pressure.
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RouterRunner
· 12h ago
The sentiment indicator is meant to be viewed in reverse; those who understand, understand.
View OriginalReply0
TheWindBeneathTheCyberBridge
· 12h ago
This market is specifically punishing players who rely on linear extrapolation.
View OriginalReply0
NodeUnderTheAurora
· 13h ago
When it was 78k, they called for the bull to return quickly; now at 62k, they’re calling for a crash—same group of people, right?
View OriginalReply0
SolitaryLampInTheSilentSea
· 13h ago
$4.4 billion ETF inflow, institutions are still quietly accumulating shares.
View OriginalReply0

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