Crypto sentiment platform Santiment is flagging a possible warning signal for bitcoin: social media bullishness has hit its highest level of the yr, even because the broader market trades decrease.
Santiment reported:
“Sentiment on Bitcoin has spiked to 2.23 bullish feedback for each bearish one — essentially the most lopsided constructive ratio of 2026.”
A contrarian pink flag
The agency famous that the earlier two largest positive-ratio days of the yr each preceded short-term value pullbacks, whereas severely adverse readings marked native bottoms.
Santiment added:
“The present euphoria contrasts sharply with the bearish ETF movement image and warrants warning.”
Spot bitcoin ETF flows logged their tenth consecutive buying and selling day of outflows on Friday, with complete internet redemptions exceeding $2.97 billion since Might 15.
Worry and greed diverge from social temper
Whereas social media leans closely bullish, the Bitcoin Worry & Greed index posted an “Excessive Worry” rating of 23 on Saturday.
MN Buying and selling Capital founder Michael van de Poppe mentioned the present sentiment is the worst he has ever seen, stating it’s worse than 2022 or 2018, and that “no person even believes in a way forward for crypto belongings which are going to do nicely.”
Across the time bitcoin fell to its yearly low of $60,000 in February, Gemini founder Tyler Winklevoss took the contrarian view, saying the sentiment was “so unhealthy” that he was “truly fairly optimistic.”
Retail sentiment nonetheless issues
Whereas some argue retail sentiment has turn out to be much less related as institutional curiosity grows, Swan Bitcoin CEO Cory Klippsten pushed again on that concept.
Klippsten mentioned:
“It nonetheless does. It’s important to bear in mind it’s not like BlackRock owns the Bitcoin and Constancy owns the Bitcoin. It’s a bunch of retail accounts, largely, that really purchase that.”
The divergence between peak social bullishness and excessive concern readings — alongside persistent ETF outflows — has led Santiment to induce warning within the close to time period.