- Bitcoin’s breakout above $95K marks a major sentiment shift as crowd optimism hits levels not seen since the 2024 election night.
- A 2:1 bullish-to-bearish ratio reveals intense market greed, suggesting FOMO is back and influencing rapid short-term price moves.
- Whales may exploit retail profit-taking to push Bitcoin toward $100K, as traders debate if this rally is sustainable or peaking.
Bitcoin has broken above $95,000 for the first time since February, reversing market expectations and fueling extreme bullishness. This powerful bounce has elicited the most crowd bullishness since election night in 2024. The Santiment data shows a robust 2:1 bulls-to-bears ratio on social media. In addition, Bitcoin’s bounce follows several weeks of trading in a rut between $80,000 and $90,000. Now, as market greed rules, most traders are put in a difficult position—hold on or take profits.
Moreover, the current sentiment spike mirrors the moment Donald Trump won the election on November 5, 2024. That event marked the last time optimism reached this level. The surge in social media chatter suggests that FOMO has returned to the market. Hence, Bitcoin’s move above key resistance could signal continued momentum, especially if whales take advantage of retail profit-taking.
Strong Sentiment Shift Reflects Fear of Missing Out
Santiment’s analysis illustrates the relationship between Bitcoin’s price swings and sentiment changes throughout early 2025. The white line, tracking BTC’s price, aligns with sharp increases in green sentiment bars. Additionally, the sentiment ratio, shown as a yellow line, has spiked in late April. This indicates that bullish voices now far outweigh bearish ones.
Furthermore, traders displayed extreme caution in February and March as bearish sentiment briefly took control. However, April’s breakout flipped that narrative quickly. Consequently, this optimism could either fuel a continued rally or mark a temporary peak.
Whales Watch as Retail Looks to Take Profit
Retail traders may now consider selling due to fear of a local top. However, this opens the door for whales. If retail exits here, whales could accumulate, pushing Bitcoin toward the $100K level within one or two weeks. Moreover, this cycle of sentiment and action could decouple Bitcoin’s performance from traditional markets like the S&P 500.
Besides, the current sentiment dominance suggests the market is vulnerable to sharp shifts. Traders must now decide whether this is a genuine breakout or another trap. In any case, sentiment continues to play a key role in price direction.
