**[Santiment: Retail Sentiment Turns Pessimistic, BTC, ETH, XRP May Signal Short-Term Bottom]** Odaily Planet Daily News – According to data from Santiment, the crypto market has recently been under widespread pressure, with social sentiment around mainstream assets deteriorating significantly. Retail investors have shifted to a defensive stance amid continued price declines. Santiment's sentiment monitoring shows that Bitcoin's long-short sentiment ratio has flattened abnormally, Ethereum is only slightly positive, and XRP is at its most fearful level of the year. Historically, when multiple large-cap assets simultaneously experience pessimistic retail sentiment, it is often accompanied by weak hands exiting and the formation of short-term bottoms. On-chain indicators show that Bitcoin's Net Unrealized Profit/Loss (NUPL) has dropped to 0.476, nearing the range seen before several past short-term rebounds. The total market capitalization has currently fallen to approximately $3.47 trillion, but institutional appetite remains cautiously optimistic, with the latest survey indicating that 61% of institutions plan to increase their crypto asset exposure by the end of the year. Large holders are also accelerating accumulation, and ETH exchange reserves have dropped to their lowest level since May 2024, reflecting a medium-term accumulation trend. (CoinDesk)