The sentiment surrounding Bitcoin on social media platforms has reached its most positive level in seven months, coinciding with recent price gains. Data from Santiment indicates the current Bitcoin sentiment ratio stands at 2.12:1 (positive to negative), a peak not seen since November 2020.
This surge in optimistic discussion appears driven primarily by growing institutional and nation-state adoption. Market analysts observe that this institutional interest forms the bedrock of the current Bitcoin price trajectory.
However, this bullish sentiment stands in stark contrast to subdued engagement from the retail sector. Google Trends data reveals search volumes for ‘Bitcoin’ remain significantly lower than the peaks witnessed during previous major rallies in 2017 and 2022.
The Crypto Fear & Greed Index, sitting at 71 indicating ‘greed,’ reflects elevated market optimism. Yet, this level of optimism has not yet reached the extreme exuberance seen at heights of past bull markets.
This divergence – strong positive social sentiment and professional market confidence signaled by the Fear & Greed Index versus persistently low retail search interest – strongly suggests the current market strength is being fueled more by institutional actors than by the broader retail investor base.