The sentiment of retail traders towards Bitcoin is almost even one of them between those who think that they will fall, and those who believe that they will gain, because attitudes towards cryptocurrency are at the lowest level seen in April, when the global tariffs of Donald Trump reveal refueled global markets.
Cryptographic research platform Santiment Marketing Director Brian Quinlivan he said On Thursday, that “Crypto in some breaks, traders show signs of impatience and bear.”
Added a company’s social media analysis, which showed that “there is only 1.03 stubborn comments for each 1 bears, which did not happen from the peak of FUD [fear, uncertainty and doubt] During the initial tariff reactions on April 6 “
Quinlivan said that the record is “usually a stubborn sign” because the markets “historically move in the opposite direction of retail expectations.”
Sanbase Santiment platform application Social tool for monitoring cryptographic topics and moods of traders in social channels such as Telegram, Discord, Reddit and X.
The Fear & Greed index drops to “neutral”
Meanwhile, another tool for tracking moods, the cryptocurrency index dropped To the score of 54 out of 100 on Friday, bringing a market approach from “greed” to “neutral”.
The index is calculated on the basis of signals that affect the behavior of traders and investors, including Google trends, surveys, market momentum, market dominance, social media and market volatility, in accordance with its methodology.
The average result last week, from 9 to 15 June, was 61, which means “greed”. Last month, the indicator with an average result of 70, which also indicates “greed”.
Whale wallets are arranging bitcoins
In a separate update on Thursday Quinlivan he said This main and smaller Bitcoin owners move in “two different directions”.
Over the past 10 days, Santiment has stated that 231 up-to-date wallets have gathered over 10 Bitcoins (BTC), while over 37,000 wallets with less than 10 Bitcoins have sold their farms.
“When large portfolios accumulate when the retail loses trust, it is a historically appropriate combination of a stubborn rush to inevitably return to cryptographic markets,” said Quinlivan.
Related: Cryptual social media sees the growing interest in artificial intelligence of work: Santiment
Bitcoin trads around USD 104,600 and has gained 3% in the last 14 days, Coingcko data can be seen.
Ethereum follows a similar trend
Over the past month, the main owners of Ethereum collect Ether (ETH), while retail investors pay.
Operational head of Bitget Vugar Za Zaji Zada told CointeLgraph earlier in June that retail trade had moved away from raging speculation in the direction of more practical and sustainable cases of utilize.
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