Experts from the on-chain analytics platform Santiment have identified a notable disconnect between social media sentiment and the actual behavior of major market participants. Despite a broader pullback in the cryptocurrency sector, discussions surrounding Bitcoin have reached their most positive tone since the beginning of the year, with positive mentions outnumbering negative ones by a ratio of 2.23 to 1.

Historical patterns suggest that similar surges in optimism – observed in early February and late April – preceded short-term declines in Bitcoin's price. Conversely, the most pessimistic investor sentiment has typically emerged near local price lows, a phenomenon analysts attribute to the lagging nature of crowd expectations relative to actual market movements.

The study highlights a critical divergence between retail and institutional strategies: while individual traders express strong confidence in Bitcoin's upward trajectory, large-scale capital is showing reluctance to increase allocations to spot Bitcoin ETFs. Santiment analysts caution that this wave of optimism may signal inflated expectations, potentially leaving the market more susceptible to profit-taking pressure. Earlier, CryptoQuant CEO Ki Young Ju outlined a timeline for the end of the crypto market's bearish phase based on the Profit and Loss (PnL) indicator and listed factors that could accelerate Bitcoin's recovery.