Data shows that the positive sentiment around Bitcoin has spiked on social media after BTC’s return above $58,000, implying investors may feel FOMO. Bitcoin Positive Vs. Negative Sentiment Ratio Has Spiked Recently According to data from the analytics firm Santiment, the crowd has recently shown a sudden burst of optimism around Bitcoin. The indicator of relevance here is the “Positive Sentiment vs. Negative Sentiment Ratio,” which, as its name suggests, keeps track of the ratio between the positive and negative comments on social media related to a given coin. Related Reading: Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory The analytics firm sources posts/threads/messages from platforms like Twitter, Reddit, Telegram, and 4Chan. To determine whether these posts are negative or positive, Santiment puts them through a machine-learning model. When the indicator has a value greater than 1, the comments related to positive sentiment outweigh the negative ones. On the other hand, being under the threshold suggests that most social media users share a negative sentiment. Now, here is a chart that shows the trend in the Pos ..
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