Santiment captures retail-pesimism and tension in the bitcoin market

Santiate analysts reported increased market tension and growth of pessimism among traders against the background of a bitcoin price.

“Traders lose patience, The number of pessimistic moods is increasing, ”said Santiment Marketing Director Brian Quinvan.

According to him, the ratio of optimistic and pessimistic comments on social networks is 1.03 to 1 in favor of the first.

Data: Santiment

“The last time we saw a similar situation on April 6 during a panic because of the tariff change,” the analyst added.

Quinvany considers the confrontation of market participants a positive feature – historically, the price of bitcoin moved in the direction opposite to the mood of retail investors.

The index of fear and greed for the first time in a long time dropped to a neutral level – 54 points.

Data: Alternative

From June 9 to June 15, the average value was 61 – that is, it was in the Greedness zone. The month ago, the index was even higher – 70 points.

In a separate report, Quinleva drew attention to the opposite actions of large and small investors.

Over the past 10 days, the number of wallets with a balance sheet over 10 BTC has increased by 231. At the same time, more than 37,000 small addresses have been selling their assets.

“When the whales accumulate bitcoin and retail investors panic, it often indicates the approaching bull phase,” the analyst stressed.

BTC/USD hourly graph at Binance. Data: TradingView.

At the time of BTC, it is traded at $ 106,000. Over the last day, the price increased by 1%, according to Coingcko.

We will remind, a week ago in Santiment noted improvement of moods and stability among the large owners of bitcoin.

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