Analytics Firm Santiment Highlights Bullish Metric for Bitcoin and Crypto Market
Analytics firm Santiment is pointing out a key metric that often precedes a rally for Bitcoin (BTC) and other cryptocurrency assets.
Santiment recently shared on Twitter that the ratio of bullish sentiment to bearish sentiment among retail traders has dropped to a two-month low.
According to Santiment, a low ratio of this metric is typically seen as a bullish sign for the market.
“With the crypto market experiencing a bit of a slowdown, traders are displaying signs of impatience and bearish sentiment. The ratio of bullish comments to bearish comments currently stands at 1.03, a level not seen since the peak of fear, uncertainty, and doubt (FUD) during the initial tariff reactions on April 6th…
…Historically, markets tend to move in the opposite direction of retail investors’ expectations. A prime example of this was the optimal buying opportunity during the fear-driven sentiment in early April.”
Santiment also notes that the ongoing conflict in the Middle East involving Israel and Iran is likely to continue causing volatile price action in the crypto market.
“Despite the initial panic, Bitcoin has managed to hold steady in the $104,000 – $105,000 range, supported by consistent inflows from exchange-traded funds (ETFs) and a lack of significant escalation in military actions. This pattern mirrors the typical ‘risk-off, then stabilize’ behavior observed in past geopolitical crises.”
As of the time of writing, Bitcoin is trading at $104,431.
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