Santiment notes tension in the Bitcoin community

The news is being updated. Sentiment analysts reported an intensification of the confrontation between bulls and bears and a deterioration of sentiment in the cryptocurrency market.

“Against the backdrop of some calm in the market, traders are showing impatience and signs of bearish sentiment,” noted the firm’s marketing director Brian Quinlivan.

According to his observations, the ratio of bullish to bearish comments on social media is 1.03 to 1.

Data: Santiment.

“The last time this was observed was on April 6 against the backdrop of tariff panic,” the expert emphasized.

Quinlivan, however, considers the confrontation of bulls and bears a positive signal - according to him, the price usually moves in the direction opposite to the expectations of retail investors.

Neutralization of the Fear Index

The popular fear and greed index in the crypto community has dropped to a neutral level of 54 for the first time in a long time.

Data: Alternative. The average index value from June 9 to June 15 was 61 points — the level of “greed”. A month earlier, the figure was even higher — at 70.

Whales Accumulate Bitcoin

Quinlivan noted that large and small holders of digital gold “are moving in different directions.”

According to Santiment, 231 new wallets with a balance of over 10 BTC have appeared in the last 10 days. At the same time, more than 37,000 addresses with smaller amounts have sold off their holdings of the first cryptocurrency.

“When large players accumulate, and retail investors lose confidence, it historically signals a return of the bull momentum to the market,” emphasized Quinlivan.

At the time of writing, Bitcoin is trading around $106,000. In the last 24 hours, the asset has grown by 1%, according to CoinGecko.