TechFlow News, May 7: According to on-chain data platform Santiment (@SantimentData), as Bitcoin’s price reclaimed the $80,000 level, the ratio of bullish-to-bearish comments on social media has risen to 1.37:1.00—the highest in the past four months—signaling a marked increase in market optimism.
However, Santiment cautions that historically, sharp surges in bullish sentiment often serve as warning signals—not buy signals. When retail FOMO dominates social media discussions, traders tend to enter positions late in the trend, increasing the likelihood of local tops, profit-taking, and sudden price volatility. Santiment notes that peak market euphoria often precedes a cooling of momentum.
By contrast, following the Kelp DAO vulnerability incident in mid-April, social sentiment plunged into deeply bearish territory; the exit of “weak-handed investors” actually laid a healthier foundation for the current rally. With sentiment now having reversed dramatically, Santiment advises traders to remain vigilant against potential risks stemming from excessive leverage and overly concentrated positions.
