The social metric risk remains at 0.039 while the Bitcoin price stands above one hundred thousand dollars.
Past sentiment peaks were at 0.9 during the 2021 top and 0.8 during the rally in late 2017.
Search data and app ranks show that public interest in Bitcoin has not returned to its former peak.
Bitcoin has crossed the $100,000 mark, yet social sentiment remains near its historical cycle lows, signaling a market divergence. According to data from “Into The Cryptoverse,” the social metric risk value currently sits at just 0.039—levels typically seen during bear market conditions. This raises a crucial question: can Bitcoin maintain its upward momentum with such subdued crowd enthusiasm?
https://twitter.com/BTC_Archive/status/1953202959895949639 Social Metric Risk Remains Muted Despite Historic BTC Price
The social metric risk, shown in red on the chart, tracks how active public sentiment is compared to historical cycles. At its current value of 0.039, it reflects one of the lowest readings in over five years. The metric had previously peaked at 0.9 during Bitcoin’s 2021 all-time high near $69,000 and reached 0.8 in the 2017 cycle.
Despite Bitcoin's price surging to over $100,000, the sentiment has yet to react similarly. This contrasts sharply with past bull runs, where euphoric buying and search volume coincided with top price levels. The latest reading suggests the crowd has not entered the market in full force.
The low social risk score indicates the market has not reached the FOMO (fear of missing out) phase. Analysts suggest that this disconnect may point to a delayed retail entry, which could propel further upside once sentiment accelerates.
Historical Comparison Hints at Untapped Retail Activity
Bitcoin’s current price performance stands in sharp contrast to its previous sentiment peaks. In 2017, Bitcoin hit $20,000 while the social metric peaked at 0.8. During the 2021 run, the metric reached 0.9 as Bitcoin topped $69,000.
This time, however, the sentiment index remains at levels closer to early bear cycles. The divergence between price and social engagement suggests institutional activity may be driving the rally rather than crowd behavior.
Supporting data from Google Trends shows global searches for “Bitcoin” remain below past peaks. The current trend score for Bitcoin sits around 23, whereas previous cycle tops recorded scores of 100. This gap reinforces the observation that the broader public is not yet fully engaged.
If past patterns repeat, the social sentiment index may rise later in the cycle. This lag in enthusiasm could lead to an extended rally, should crowd interest eventually catch up with market valuation.
Analysts Point to Potential for Delayed FOMO Phase
Crypto influencers and analysts on social media platforms have noted the low sentiment levels, despite historic price levels. According to one post on X, “The FOMO phase hasn’t even started yet,” reflecting widespread agreement that the current rally lacks emotional buying pressure.
Engagement metrics also show minimal hype. Coinbase app rankings are outside the U.S. top 20, compared to being ranked number 1 in late 2021. This indicates that retail users have not yet returned in significant numbers.
The social metric dashboard suggests the current market structure is still in an early phase of the cycle. Analysts believe that once social metrics begin to rise, the upward price momentum could intensify as retail participation floods in.
