Retail sentiment around Bitcoin has flipped decisively bullish, with optimism now at its highest level since November 2024, according to data from Santiment. The spike comes as BTC flirts with its all-time high near $112,000.
Santiment reports that the ratio of positive to negative BTC-related comments on social media has surged to 2.1 to 1, the most favorable since President Trump’s election victory over seven months ago.
Bitcoin’s price reached $109,744 as of June 11, with traders watching closely for a breakout above the previous record.
The surge in social sentiment, which includes more than double the number of bullish mentions, suggests growing confidence in further upside.
With attention intensifying across platforms, analysts believe a clean break above $112K could trigger another wave of retail and institutional buying.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/market/bitcoin-sentiment-hits-7-month-high-as-112000-looms/