Santiment: Bitcoin ETFs See Outflows in 9 of Last 10 Sessions; Ethereum Sentiment Hits Lowest Since 2023

Santiment's weekly market wrap reported that Bitcoin ETFs have posted net outflows in nine of the past 10 trading days, with Bitcoin currently hovering around $77,500. The firm interprets the streak as a sign that retail confidence is fading. Ethereum sentiment has sunk to its weakest level since 2023. Even so, the number of nonzero Ethereum addresses has climbed to 192.92 million—more than triple the roughly 59 million nonzero Bitcoin addresses. Santiment also said the bullish-to-bearish comment ratio for Bitcoin has risen to 2.23, the highest reading since 2026. Historically, it noted, sentiment running this hot has often been followed by short-term pullbacks.