Santiment: Bitcoin (BTC) Sentiment Slides to 0.82 as Bearish Posts Dominate

Bearish Posts Outnumber Bulls on Bitcoin

Social sentiment around Bitcoin (BTC) has flipped net bearish, with bearish comments now outnumbering bullish ones across the major social platforms. The Bitcoin (BTC) price has slid in step with the gloom and stood near $73,665 at the time of writing. The reading compares bullish and bearish comments across the major platforms, and any print below 1.0 means bearish posts form the majority of the chatter. The Bitcoin ratio sits at 0.82 in the Santiment November 11 update, after briefly recovering toward neutral earlier in the month. Altcoin markets soured first: on October 2, Ethereum sentiment had already fallen to 0.89 and XRP to 0.67, while Bitcoin still read a positive 1.37. The record Binance hack in late October then accelerated the slide, and by November 3 the Bitcoin reading had dropped to 0.69 even as Ethereum held at 1.14. That dip preceded a quick rally, but the bounce faded within days and the ratio has since fallen back below neutral. XRP now sits at 0.49, drawing roughly one bullish comment for every two bearish ones, the deepest reading of the three. Ethereum has slipped back below neutral to 0.88, leaving all three major assets in bearish-majority territory at the same time. As a gauge, the ratio counts how traders talk rather than how they trade, and its extremes have tended to cluster near turning points rather than mid-trend. The order matters too: the souring moved up the cap curve, from XRP to Ethereum to Bitcoin (BTC), before the price broke down. The November 11 print is Bitcoin's second dip below 1.0 this month, and the first one did not hold.

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Santiment November 11 update.

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The $80,800 Bounce That Failed

The bearish turn has tracked a steady slide in the tape, and the last fear extreme shows how the market handled similar gloom. On November 4, the day after the US midterm elections, Bitcoin climbed above $80,800. The move came as oil prices dropped sharply after Democrats won control of Congress, and it briefly looked like the relief the 0.69 reading had set up. It did not last. The price fell toward $75,500 on November 5 as tech stocks sold off, then touched $73,708 on November 8, its lowest level since August. By November 10 it had slipped below $73,000, and market data puts it near $73,665 at the time of writing, in line with COINOTAG's earlier session note that had the price near $73,600 with volume up 10.63%. Against that record, the sentiment firm's own test for a floor is explicit. Heavy pessimism has often come before a relief rally, but one condition applies: “Extreme fear alone does not mark the exact bottom, but fear plus price stabilization has often been a much stronger signal,” Santiment's November 3 post states. Only the fear side of that test is met so far: the ratio sits below 1.0 while the price keeps sliding. Holding above the November 10 dip under $73,000 would satisfy the stabilization half, and that line is where Bitcoin technical analysis now concentrates. The firm also cautions that fear can outlast a single session in a falling market. The Binance hack fallout and the tech stock selloff give traders standing reasons to stay cautious. Whether the bearish chatter marks a floor or more selling ahead now depends on whether the lower lows stop.

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Santiment's November 3 post.

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Fear Without a Floor

The 0.82 reading arrives with one half of the tested bottom signal missing. Sentiment measures crowd positioning, not direction, and the November 4 bounce showed how quickly a relief rally reverses when it leans on a single macro headline. Traders who bought that pop are carrying losses from above $80,800 to below $74,000, and late entries into bearish extremes risk becoming exit liquidity for the next leg. What the social record does not show is accumulation: no Crypto Whale-scale buying appears in it, so the burden falls on holders committed to HODL and on treasuries that treat drawdowns as a strategic Bitcoin reserve window. Until the price holds a level for more than a session, the bearish chatter reads as a description of the market, not a call on its low.