Crypto traders ‘starting to salivate’ as Bitcoin inches back toward $110K — TradingView News
Crypto traders are becoming increasingly bullish on social media over Bitcoin’s chances of reclaiming $110,000, but the surge in optimism isn’t always a good sign, says blockchain analytics platform Santiment.
“It’s pretty clear that the crowd is starting to salivate over a potential $110K+ Bitcoin market value,” Santiment analyst Brian Quinlivan told Cointelegraph.
Bullish Bitcoin comments surge to three-week high
Santiment data shows that for every bearish comment on Bitcoin (BTC), there are now 1.51 bullish comments — the highest sentiment ratio in the past three weeks. The data was pulled from multiple platforms, including X, Reddit, Telegram, 4chan, BitcoinTalk and Farcaster.
While rising sentiment may seem positive,…
