While individual investors' confidence in Bitcoin continues to decline, whales have started accumulating assets. As bearish sentiment increases on social media platforms, the Fear and Greed Index has fallen to neutral levels.

Individual investors are divided on the future of Bitcoin. Market sentiment has fallen to its lowest level since the turmoil experienced in April due to Donald Trump’s announcement of global tariffs.

Brian Quinlivan, marketing director of crypto research company Santiment, stated on Thursday, "The crypto market is in a downturn, and investors are increasingly showing an impatient and bearish mindset."

According to Santiment's social media analyses, "For every 1 negative comment, there is only 1.03 positive comments. This is the first time this has been seen since the FUD period created by customs tax news on April 6," he added.

Quinlivan noted that this balance "generally indicates a rise" because the market has historically tended to move in the opposite direction of individual investor expectations.

Santiment's Sanbase platform analyzes the sentiment of crypto investors by following social media channels like Telegram, Discord, Reddit, and X.

The Fear and Greed Index has fallen into the Neutral Zone.

Another indicator measuring market sentiment, the Crypto Fear and Greed Index, fell to a score of 54 out of 100 on Friday, moving from the 'Greed' level to the 'Neutral' zone.

This index measures investor behavior through various data such as Google Trends, surveys, market momentum, market dominance, social media interactions, and volatility.

While the average score was 61 in the week of June 9-15, it was 70 the previous month; both values reflected a sentiment of 'Greed.'

Whales are Accumulating Bitcoin

According to another report shared by Quinlivan on Thursday, large and small Bitcoin investors are moving in opposite directions.

According to Santiment's data, 231 new wallets that own more than 10 Bitcoins have accumulated BTC in the last 10 days, while over 37,000 wallets holding less than 10 BTC have sold their Bitcoins.

Quinlivan stated, "The start of accumulation by large wallets while individual investors are losing confidence is a strong signal that historically indicates a reversal of the upward trend in the crypto market."

Bitcoin is currently trading at around $104,600 and has gained 3% in value over the past two weeks.

A Similar Trend in Ethereum

It is observed that large investors are accumulating Ether on the Ethereum side, while individual investors are in a selling trend.

Vugar Usi Zade, Bitget's operations director, stated in an interview with Cointelegraph in early June that individual investors are moving away from speculation and are starting to focus on more practical and sustainable use cases.


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