Santiment analysts have reported an intensifying standoff between bulls and bears and worsening sentiment in the cryptocurrency market.

"Amid a period of relative market calm, traders are showing impatience and signs of bearish sentiment," noted the firm's Director of Marketing, Brian Quinlivan.
According to his observations, the ratio of bullish to bearish comments on social media stands at 1.03 to 1.

“This was last observed on April 6 during the tariff panic,” the expert emphasized.
However, Quinlivan considers the standoff between bulls and bears a positive signal — according to him, the price usually moves in the direction opposite to retail investors' expectations.

Fear Index Neutralized
The popular Fear and Greed Index in the crypto community has dropped to a neutral level of 54 for the first time in a long while.

The average value of the index from June 9 to 15 was 61 — a "greed" level. A month earlier, the figure was even higher, at 70.

Whales Accumulating Bitcoin
Quinlivan noted that large and small holders of digital gold are “moving in different directions.”

According to Santiment, 231 new wallets holding more than 10 BTC have appeared over the past 10 days. At the same time, more than 37,000 addresses with smaller balances have sold off their holdings of the leading cryptocurrency.

“When large players are accumulating and retail investors are losing confidence, it has historically been a signal of bullish momentum returning to the market,” Quinlivan emphasized.
At the time of writing, Bitcoin is trading around $106,000. The asset has increased by 1% in the past 24 hours, according to CoinGecko.

As a reminder, a week ago Santiment noted an improvement in market sentiment and the resilience of major holders of digital gold.