Some Bitcoin breakouts past $ 110,000 this week pushed the Bullish Market sentiment to a seven -month high, last seen during the winning election of President Donald Trump.
Until June 11, there are 2.12 Bitcoin’s positive comments for every negative comment on social media, the Crypto Analytics platform Santiment Says In a post of June 11 x.
This is the highest ratio since November 6, the day after Trump won the President’s election, when Bitcoin exceeded $ 70,000 in the first time.
Retail interest In Bitcoin left this cycle, with those who got the price of bitcoin linked to institutional and adoption of the country-state. A positive retail shift can be an additional boon for bitcoin.
Santiment data for June 11 has a high 504.54 positive sentiment of bitcoin comments, while 237.71 comments are negative, worth a ratio of 2.12. Santiment tracks Sentiment of bitcoin market In X, Reddit, Telegram, 4chan, Bitcoin Talk and farcaster.
The increase came as Bitcoin had been clipped $ 110,000 several times in the past week, with the Santiment noticing that “retail had gained bullish.”
Bitcoin is currently at $ 108,635, down 3% from full time $ 112,000 set on May 22, Tradingview Data Shut up.
The sentiment in the bitcoin market in the “greed” zone
Data from the Crypto Fear & Greed Index also revolted, which marked the current sentiment in the market of a 71 to 100, in the “greed” zone.
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However, the current score is far from 94 out of 100 reached on November 22, a four -year high coming behind Trump’s election win and the Bitcoin skyrocketing from a monthly low $ 67,700 to $ 99,250 (on November 22).
Google data painted a different picture
However, the interest of Google search for “Bitcoin” still shows interest in retail.
It is currently showing a score of 32 out of 100 relatives at its highest point in the last 12 months, the week of November 10-16, when Bitcoin exploded 18.6% to break the $ 90,000 barrier for the first time.
It also shows a mark of 19 to 100 compared to late 2017, when the interest in finding Bitcoin hit its highest point.
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