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Retail investor optimism returned to levels not seen in the last four months after Bitcoin’s price surged. Data cited from Santiment shows that on Thursday, May 7, the market shifted within minutes from “fear” to “euphoria” after breaking above the $80,000 level.
In public perception, the reversal comes after weeks of macroeconomic uncertainty and concerns about security in the crypto sector. Santiment’s sentiment metric—based on machine learning models that process social media comments—suggests traders are “aggressively” resuming long positions.
The current sentiment ratio is reported at 1.37, compared with mid-April conditions when sentiment fell into bearish territory following the security incident tied to the KelpDAO exploit. Santiment argues that the panic environment was, paradoxically, more supportive of a price recovery because it removed holders with less conviction.
With optimism near annual highs, Santiment’s report indicates that rapid FOMO (fear of missing out) often aligns with late entries into the rally. The firm warns this pattern can raise the odds of local tops and subsequent profit-taking.
The analysis notes that this does not necessarily mean the broader bullish trend is over. However, it suggests sudden volatility is a plausible near-term outcome because public confidence can precede technical pullbacks.
At the time of writing, Bitcoin was trading around $81,000, after briefly touching $82,000 on May 6. CoinGecko records place the last 24 hours’ trading range between $80,800 and $82,800.
Bitfinex analysts characterize the move toward $80,000 as potentially “deceptive,” arguing the market may not yet be structurally positioned for a sustained short-term advance.
By contrast, analyst IT Tech points to realized price bands and says Bitcoin needs to reclaim and hold $89,000 to confirm a lasting floor. Technical documentation cited in the article also highlights resistance zones extending up to $112,000, where buyers who acquired assets at the end of 2025 might consider closing positions without losses.
The market is now waiting for the weekly close to determine whether the $80,000 support can consolidate against selling pressure, particularly in the context of the resistance zones up to $112,000.
