Bitcoin is showing signs of renewed bullish momentum, with market sentiment reaching its most optimistic point in seven months as the cryptocurrency flirts with its all-time high of $112,000.
📈 Bullish Sentiment Surges Across Social Media
On June 11, Santiment reported a ratio of 2.12 positive Bitcoin comments for every negative one across platforms like X (Twitter), Reddit, and Telegram. This marks the highest level of bullish social chatter since November 6, the day after Donald Trump’s election victory, when Bitcoin first crossed $70,000.
“Retail has gotten bullish,” Santiment noted, highlighting a shift from largely institutional-driven momentum to rising retail enthusiasm.
💬 Retail Interest: Late But Growing
Though institutional investors and even nation-states have been behind much of Bitcoin’s recent rally, a positive turn in retail sentiment could offer fresh upside.
Still, Google Trends data suggests mainstream retail hasn’t returned in full force. Search interest for “Bitcoin” remains at 32/100 relative to its November 2023 peak — and far lower than its all-time high in late 2017.
💹 Bitcoin Holds Near $110K Amid Volatility
Bitcoin has touched $110,000 multiple times over the past week but hasn’t yet pushed through the $112,000 all-time high reached on May 22. As of this writing, BTC is trading around $108,635, down 3% from its peak, according to TradingView.
Despite the slight dip, overall sentiment remains strong.
😄 Crypto Market Enters “Greed” Zone
The Crypto Fear & Greed Index currently sits at 71/100, signaling strong bullish sentiment. However, this is still below the 94/100 seen in November 2023 — the highest reading in four years.
🔮 What Comes Next?
The convergence of growing retail optimism and sustained institutional demand could position Bitcoin for a new breakout — provided macro conditions stay favorable.
However, some analysts warn that overly bullish sentiment can often precede short-term corrections.
For now, Bitcoin remains one of the most closely watched assets, and whether retail investors fully return could be the key to unlocking the next leg of the bull run.
Keep up with the latest crypto sentiment trends and market insights at https://cryptodicenews.blog
