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Santiment: Negative sentiment for Ethereum is at its lowest level in 2023

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Golden Finance reports that on May 23, Santiment released a weekly market summary stating that Bitcoin ETFs experienced net outflows on 9 out of the past 10 trading days, with the current Bitcoin price around $77,500; they interpret this phenomenon as a sign of weakening retail investor confidence. Meanwhile, market sentiment for Ethereum has fallen to its lowest level since 2023, but its non-zero address count has reached 192.92 million, more than three times the approximately 59 million of Bitcoin. Santiment also pointed out that the current ratio of bullish to bearish comments about Bitcoin has risen to 2.23, the highest level within 2026, and such high enthusiasm in history often appears before short-term corrections.
ETH-4.49%
BTC-3.41%
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