PANews|May 31, 2026 05:25
[Santiment: Bitcoin Long/Short Ratio Soars to 2.23, Setting a New High for the Year, Potentially Signaling a Short-Term Pullback]
Crypto sentiment platform Santiment analyzed 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 off its entire $87 million Ethereum ETF holdings one quarter after purchasing them; researchers from the Ethereum Foundation announced their resignations; and David Hoffman publicly stated his exit from the Ethereum project. The Santiment team interprets this trend as a moderately bullish signal, similar to the significant rally that followed the mid-2023 market sentiment trough. Despite the panic sentiment, the number of non-zero Ethereum wallets remains as high as 192.92 million, more than three times Bitcoin's approximately 59 million.
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