- Bitcoin rallies to $109,368 after retail optimism and sentiment spikes, nearing the $112K resistance zone amid bullish momentum.
- Social sentiment peaks at 1.20, signaling potential risk as emotional greed dominates, while traders brace for a reversal near $112K.
- Musk-Trump feud sparks a BTC bounce from $100.5K to $109K, highlighting sentiment-driven dips as key buying opportunities.
Bitcoin briefly surged past the $110,000 mark within 24 hours before settling at $109,368.27, up 3.59% on the day. The rally follows a sharp recovery from the $100K zone, powered by a wave of retail-driven optimism and elevated sentiment activity, according to analytics firm Santiment.
Sentiment Ratios Signal Emotional Overload
As of June 9, 2025, Bitcoin was trading at $107,917 with sentiment readings reaching a bullish high of 1.20. According to a post by Santiment, “Markets will move in the opposite direction of the retail crowd’s expectations,” reinforcing the danger of herd behavior near resistance zones.
For nearly a month, the sentiment ratio has hovered above 1.0—the so-called Greed Zone. This elevated reading typically signals emotional overheating. Traders have shown a consistent preference for bullish narratives, even as BTC nears the critical $112K resistance.
Price Push Aligned With Positive Commentary
The push from $100.5K to $110K follows clear social sentiment spikes, especially around May 23, May 27, and June 5. According to a report by Santiment, gold sentiment bars reflecting positive mentions have repeatedly coincided with Bitcoin’s price surges, confirming a strong correlation between social chatter and market direction.
Now trading at $109,368.27, Bitcoin is within striking distance of its projected top. Although bullish momentum dominates, the risk of a reversal looms if sentiment fails to sustain the price above $ 108 K. So far, the structure remains intact as traders continue to buy on dips.
Musk-Trump Drama Marked Key Bottom
On June 5, a public clash between Elon Musk and Donald Trump triggered an instant selloff, dragging Bitcoin to $ 100.5 K. In a separate Santiment update, analysts noted the market reaction was near-simultaneous with a spike in social volume surrounding the feud, calling it a “sell the rumor, buy the news” setup.
The feud also marked Bitcoin’s local bottom, followed by a +3.9% bounce to $ 104.4 K. Social dominance data shows that Musk remained a focal point for market sentiment days after, keeping momentum alive.
Greed Persists, But Resistance Looms
No sentiment data in the past month has dipped below the 0.4 Fear Zone, suggesting minimal bearish pressure. Each sentiment pullback has been shallow. Now, with Bitcoin just shy of $112K and trading at $109,368, the market faces a choice: push higher, or risk reversal under the weight of excessive optimism.
