Bitcoin’s repeated surges past the $110,000 mark this week have driven bullish market sentiment to its highest level in seven months—last seen following U.S. President Donald Trump’s election victory.
As of June 11, there are 2.12 positive Bitcoin-related comments for every negative one on social media, according to crypto analytics platform Santiment in a June 11 post on X.
This marks the highest sentiment ratio since November 6, the day after Trump’s win, when Bitcoin topped $70,000 for the first time.
Retail interest in Bitcoin has lagged throughout this cycle, with much of the price momentum attributed to institutional and nation-state adoption. A renewed surge in retail enthusiasm could further fuel Bitcoin’s rally.
Santiment’s June 11 data recorded 504.54 positive Bitcoin sentiment mentions compared to 237.71 negative ones, across platforms including X, Reddit, Telegram, 4Chan, Bitcoin Talk, and Farcaster.
The surge in sentiment comes as Bitcoin has crossed the $110,000 mark multiple times over the past week, with Santiment observing that “retail has gotten bullish.”
Currently, Bitcoin is trading at $108,635—about 3% below its all-time high of $112,000 reached on May 22, according to TradingView data.
Bitcoin market sentiment enters the “greed” zone
The Crypto Fear & Greed Index reflects a bullish outlook, currently scoring market sentiment at 71 out of 100—firmly placing it in the “greed” zone.
However, this level still trails the four-year high of 94 reached on Nov. 22, following Donald Trump’s election victory and Bitcoin’s rapid climb from a monthly low of $67,700 to $99,250.
Google Trends data tells a contrasting story
However, Google search interest for “Bitcoin” suggests that retail enthusiasm has yet to return.
Currently, the term scores 32 out of 100 compared to its peak over the past 12 months—the week of Nov. 10–16, when Bitcoin surged 18.6% to break above $90,000 for the first time.
When measured against late 2017, the height of Bitcoin’s historical search popularity, the score drops to just 19 out of 100, underscoring a significant gap in mainstream attention.
