Bitcoin Sentiment Turns Bearish Across Social Media
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Bitcoin sentiment has dropped sharply, with data from Santiment showing the lowest bullish-to-bearish ratio since late February. The current ratio stands at 0.81, meaning there are roughly five bearish comments for every four bullish ones across platforms like X and Reddit.
This decline in sentiment reflects growing uncertainty among investors, with Bitcoin trading around $67,000 and down over 5% in the past month. The shift highlights a broader cooling in market confidence, as traders react to macro conditions and unresolved regulatory developments.
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a 0.81 ratio isn’t extreme, but it shows confidence is clearly weakening compared to earlier in the cycle