Santiment: Bitcoin long/short ratio surges to 2.23, hitting a new high for this year and potentially indicating a short-term correction

ChainCatcher reports that the crypto sentiment platform Santiment has published an analysis stating that the ratio of positive to negative comments about Ethereum has shifted from strong FOMO sentiment in late April to a clear FUD sentiment now. Harvard University sold all its Ethereum ETFs after purchasing 87 million USD worth for one quarter; researchers from the Ethereum Foundation announced their resignation; and David Hoffman publicly stated he was leaving the Ethereum project. The Santiment team interprets this trend as a mildly bullish signal, similar to the significant rally that followed a market sentiment low in mid-2023.