Bitcoin’s social sentiment has surged to levels not seen since the 2024 U.S. presidential elections, signaling renewed optimism across crypto communities as the asset continues testing price thresholds above $110,000.
According to data from crypto analytics platform Santiment, discussions surrounding Bitcoin have tilted sharply bullish in recent days. On June 11, the ratio of positive to negative social media mentions reached 2.12 to 1 — a mark not seen since November 6, just after Donald Trump secured his election victory and Bitcoin crossed $70,000 for the first time.
The latest shift in mood is significant. While Bitcoin’s current rally has largely been fueled by institutional inflows and sovereign-level adoption, retail enthusiasm has remained subdued. A visible uptick in social media positivity suggests that individual investors may finally be warming back up — potentially amplifying momentum if this optimism translates into broader retail participation.
Santiment’s tracking spans multiple platforms, including X (formerly Twitter), Reddit, 4Chan, Telegram, and Bitcoin Talk, offering a holistic snapshot of market sentiment across the crypto ecosystem. With Bitcoin flirting with its all-time high, the timing of this sentiment revival could mark the beginning of a more inclusive rally involving both institutional giants and everyday holders.
Greed Index Jumps as Bitcoin Nears $112K
Bitcoin’s climb toward its all-time high is being mirrored by a sharp spike in market greed, according to the latest Crypto Fear & Greed Index reading. As of this morning, the index sits at 71 out of 100 — firmly within the “greed” zone — reflecting heightened investor confidence amid repeated price surges above $110,000.
While the current level of greed indicates growing risk appetite, it still falls short of the euphoric peak seen in November 2024, when the index hit a four-year high of 94 following Donald Trump’s election victory. At the time, Bitcoin had exploded from $67,700 to nearly $100,000 in just a matter of weeks.
This time around, the rally appears steadier, with prices hovering around $108,600 — roughly 3% below Bitcoin’s all-time high of $112,000 set in late May. Analysts note that the enthusiasm among retail traders is gradually catching up to institutional momentum, which has largely driven the rally over the past several months.
While current sentiment reflects optimism, such elevated greed levels have historically served as a double-edged sword, sometimes signaling an approaching market correction. For now, however, Bitcoin remains buoyed by strong demand and tightening spot supply, keeping the bull narrative alive.
Google Trends Reveal Weak Retail Curiosity
While social media buzz and investor sentiment have surged, broader public interest in Bitcoin remains muted — at least by Google Trends standards. Current search data for the term “Bitcoin” reflects a score of just 32 out of 100 compared to its peak over the past year, suggesting that mainstream attention hasn’t caught up with market excitement.
That peak occurred in mid-November, a week marked by an 18.6% price jump that pushed Bitcoin past the $90,000 milestone for the first time. In comparison, today’s curiosity levels appear modest despite Bitcoin now hovering near $110,000.
Zooming out even further, the disparity becomes starker. Relative to the all-time high in retail search interest seen during the 2017 crypto boom, current global interest sits at just 19 out of 100. This suggests that, although whales and institutions may be driving the rally, the average retail investor is still sitting on the sidelines — possibly cautious after past cycles or simply unaware of the ongoing price action.
If history is any guide, however, retail interest often lags behind price movements — and tends to return in full force only after new highs dominate headlines.
Quick Facts
- Bitcoin’s social sentiment hit its highest level since November 2024.
- The Crypto Fear & Greed Index rose to 71, indicating high optimism.
- Google Trends score for “Bitcoin” is just 32 out of 100 this year.
- Compared to 2017’s retail mania, global interest now sits at only 19.
- Institutional demand remains the primary driver of Bitcoin’s current rally.
