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Bitcoin Retail Optimism Rises as Social Media Sentiment Turns Bullish
Recent data indicates a shift towards optimism in social media sentiment regarding Bitcoin. Analytics firm Santiment reports an increase in mentions of bullish terms like "higher" and "above" on social platforms.
- The Bitcoin Social Volume metric has shown a slight increase, with bullish comments surpassing bearish ones.
- Historically, optimistic sentiment often precedes contrary market movements, with past trends showing price drops following spikes in greed.

- Current sentiment hasn't reached high levels of greed, so its impact remains uncertain.
Additionally, cumulative Bitcoin returns have recently flattened across all trading sessions (US, Europe, Asia-Pacific), as noted by CryptoQuant analyst Maartunn. This indicates neutral market momentum without distinct behavior from any trader demographic.

BTC Price: Bitcoin is currently in a consolidation phase, trading around $88,000.
