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Santiment: Bitcoin social media sentiment ratio hits a 7-month high, retail investor interest is strong.
Gate News bot message, this week, Bitcoin has broken through the $110,000 mark multiple times, pushing market bullish sentiment to a seven-month high, the last time reaching this level was during the period when U.S. President Trump won the election.
The cryptocurrency analysis platform Santiment stated in a June 11 X post that as of June 11, the ratio of negative comments to positive comments about Bitcoin on social media is 1:2.1.
This is the highest rate since November 6 (the day after Trump won the presidential election), when the price of Bitcoin first broke through $70,000.
Retail investors' interest in Bitcoin has lagged in this cycle, with the rise in Bitcoin prices attributed to institutional investors and national-level adoption. A positive shift in retail investor sentiment could bring additional benefits to Bitcoin.
Santiment's data on June 11 shows that there are 504.54 positive Bitcoin comments and 237.71 negative comments. Santiment tracks Bitcoin market sentiment on X, Reddit, Telegram, 4Chan, Bitcoin Talk, and Farcaster.
Source: Cointelegraph