Social media sentiment surrounding Bitcoin has turned positive again after the cryptocurrency climbed back above $70,000 on Tuesday, a move partly fueled by recent comments from US President Donald Trump suggesting that the conflict with Iran may be nearing an end.
In a post on X on Tuesday, market intelligence firm Santiment shared data indicating that positive discussions across social platforms have been steadily rising after sentiment dropped sharply on Monday.
“Across X, Reddit, Telegram, and other crypto-related discussions, the crowd is encouraged by Trump’s comments that the war may soon end, along with oil prices beginning to reverse,” Santiment said.
In another post, the firm noted that periods of uncertainty often push investors to look for alternative assets, adding that crypto markets tend to respond quickly because they operate globally 24/7 and are not tied to any single government or financial system.
Tensions in the Middle East intensified last month after the United States and Israel carried out strikes on Iran, prompting Iran to retaliate against several neighboring countries.
However, comments from US President Donald Trump on Monday suggested the conflict could be nearing its end. “I think the war is very complete, pretty much,” Trump said. Still, he later warned in a Truth Social post that if Iran attempted to disrupt global oil supplies, the US would increase military pressure on the country.
Bitcoin shows resilience amid geopolitical turmoil
Ryan McMillin, chief investment officer at Australian crypto investment firm Merkle Tree Capital, told Cointelegraph that several factors may be contributing to the renewed optimism among traders.
According to McMillin, Bitcoin’s resilience during geopolitical shocks, combined with growing institutional momentum, has helped support market sentiment. He pointed to recent purchases by Strategy, which acquired nearly 18,000 Bitcoin last week and made another purchase earlier this week.
McMillin also noted that Bitcoin maintaining its position above the lows seen in February could be another factor reinforcing positive sentiment in the market.
“Bitcoin has shown real strength through tough conditions, with inflation cooling, oil risk aside, adding tailwinds so too a new Fed chair only months away and the Clarity Act inching closer to implementation.”
Ryan McMillin added that traders betting against Bitcoin may be at risk as the market shifts.
“Short positions are vulnerable right now, and liquidity on the short side could be squeezed toward the $80,000 level before the market decides its next major direction,” he said. “Bears have dominated for months, but this could be their first real challenge in this cycle.”
Rachael Lucas, a crypto analyst at the exchange BTC Markets, told Cointelegraph that Bitcoin’s move back above $70,000 has also acted as a major catalyst. She explained that the level is a key resistance point, and reclaiming it — especially as it spreads across social media feeds and price alerts — can reignite investors’ fear of missing out (FOMO).
Lucas also noted that several broader developments are helping improve market sentiment. These include the possibility of easing tensions in the Iran conflict, a sharp pullback in oil prices, and progress in stablecoin regulation — all of which are helping shift the macro environment that had previously weighed on crypto markets.
“When multiple positive catalysts land at once, social sentiment responds quickly and FOMO accelerates fast.”
FOMO may signal a positive shift
Even though social media discussions about Bitcoin have turned more optimistic, the Crypto Fear & Greed Index still shows a reading of 15, indicating that the market remains in a state of “extreme fear.”
The index gauges overall sentiment in the crypto market by analyzing multiple data points, including Bitcoin’s volatility, market dominance, momentum, social media activity, and Google Trends data.
Google Trends data for the search term “Bitcoin” showed a score of about 71 on Wednesday, down from its peak level of 100 recorded on March 5.
Ryan McMillin noted that FOMO often reinforces itself within the crypto market. According to him, when sentiment shifts from fear to greed, it tends to attract new buyers, increase trading volumes and push prices higher in the short term — a pattern seen in previous market cycles.
He also pointed out that Bitcoin has become technically oversold after five consecutive months of declines since reaching its $126,000 all-time high in October. This prolonged downturn, he said, has positioned the asset for at least a relief rally.
Rachael Lucas added that the improving sentiment is also supported by encouraging on-chain indicators. She said funding rates have reset in a healthier way, while institutional inflows through exchange-traded funds remain steady.
According to Lucas, this suggests the current environment differs from earlier FOMO-driven rallies, which were largely fueled by retail traders using high leverage.
“That said, this market can flip quickly. Geopolitical risk hasn’t disappeared, and any escalation that reverses the oil retreat could shift sentiment from FOMO to FUD just as fast.”
