Retail sentiment for Bitcoin has reached its most bearish level since April, with just 1.03 bullish comments for every 1 bearish comment on social platforms.
This ratio indicates high levels of impatience and pessimism among traders, reminiscent of the period preceding a strong price recovery in April.
Historically, such extreme bearish sentiments have often preceded upward momentum in Bitcoin's price.
Current social sentiment divergence, with low positive and negative commentary while Bitcoin was trading at $105,000, suggests a contrarian bullish indicator.
If historical patterns repeat, the current retail capitulation could set the stage for Bitcoin's next upward movement.