TechFlow News, May 23: Santiment released its weekly market summary, reporting that Bitcoin ETFs experienced net outflows on nine of the past ten trading days, with Bitcoin’s current price hovering around $77,500. Santiment interprets this trend as a sign of weakening retail investor confidence. Meanwhile, Ethereum market sentiment has fallen to its lowest level since 2023, though its number of non-zero addresses stands at 192.92 million—more than three times Bitcoin’s approximately 59 million. Santiment also noted that the current Bitcoin bullish-to-bearish commentary ratio has risen to 2.23, the highest level within 2026; historically, such elevated sentiment often precedes short-term pullbacks.
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