Bitcoin sentiment reaches most ‘lopsided positive’ ratio for 2026: Santiment

Crypto Insight Summary: Santiment reported on May 31, 2026, that Bitcoin sentiment on social media reached 2.23 bullish comments for every bearish one, the most lopsided positive ratio of the year. The platform warned that the two previous biggest positive-ratio days of 2026 were followed by short-term price pullbacks, while severely negative readings historically marked local bottoms. This bullish sentiment contrasts with ongoing bearish ETF flows, as spot Bitcoin ETFs logged their tenth consecutive trading day of outflows on Friday, with total net redemptions exceeding $2.97 billion since May 15. The Crypto Fear & Greed Index registered an "Extreme Fear" score of 23 on Saturday, reflecting the broader market downturn. MN Trading Capital founder Michael van de Poppe described the current sentiment as the worst he has ever seen, worse than the 2022 and 2018 downturns. In February, when Bitcoin fell to a yearly low of $60,000, Gemini founder Tyler Winklevoss expressed optimism precisely because sentiment was so negative. Swan Bitcoin CEO Cory Klippsten argued that retail sentiment still matters for Bitcoin's price direction, even as institutional involvement has grown. The article, written by Ciaran Lyons and reviewed by Felix Ng for Cointelegraph, highlighted the contrarian approach some traders use, betting that extreme positive sentiment often precedes short-term corrections rather than continued rallies. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Extreme positive sentiment may trigger short-term profit-taking, but ETF outflows and fear index suggest broader market uncertainty.