Santiment, a leading crypto sentiment platform, has issued a warning regarding the current market uptrend. The platform's analysis suggests that rallies fueled by confident crowds tend to have a shorter shelf life compared to those driven by skepticism.
The ratio of bullish to bearish comments on social media is currently around 1.5 to 1, based on Santiment's tracking of active crypto accounts across multiple platforms. This surge in bullish chatter has coincided with Bitcoin's (BTC) 11.50% price increase over the past 30 days.
Bitcoin's current trading price stands at $80,628, according to CoinMarketCap. The Crypto Fear & Greed Index, which tracks overall market sentiment, has slipped back into 'Fear' territory after posting a 'Neutral' score of 47 on Sunday.