News listBitcoin sentiment reaches most ‘lopsided positive’ ratio for 2026: Santiment
CoinTelegraph2026-05-31 05:02:05BTC

Bitcoin sentiment reaches most ‘lopsided positive’ ratio for 2026: Santiment

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Source: Michael Sullivan Crypto market participants often watch broader market sentiment to gauge how other investors feel and to inform their own decisions about whether to buy or sell, based on where they believe the market may be headed in the near term. However, the market has historically moved in the opposite direction to what most market participants expect. “Extreme positive sentiment readings have historically preceded short-term pullbacks more often than continued rallies,” Santiment said. Some traders use this contrarian view accordingly. Around the time Bitcoin fell to its yearly low of $60,000 in February, Gemini founder Tyler Winklevoss said in an X post that “the sentiment in crypto right now is so bad that I'm actually pretty optimistic.” Source: Quinten Francois The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posted an “Extreme Fear” score of 23 on Saturday. MN Trading Capital founder Michael van de Poppe said that the current crypto market sentiment is the worst he has ever seen. “Worse than 2022, 2018. Nobody even believes in a future of crypto assets that are going to do well,” he added. While some argue that retail sentiment has become less important as institutional interest in Bitcoin has grown, others, including Swan Bitcoin CEO Cory Klippsten, disagree. “It still does. You have to remember it's not like BlackRock owns the Bitcoin and Fidelity owns the Bitcoin. It's a bunch of retail accounts, mostly that actually buy that,” Klippsten said. Magazine: HYPE chases $100 target, ETH could dump below $1800: Market Moves More on the subject
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Source:CoinTelegraph
Published:2026-05-31 05:02:05
Category:General · Export Category neutral
Symbols:BTC
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