BTC fans are shifting from extreme pessimism to extreme fear as the price approaches $80,000

According to analysts, a sustained breakout above $80,000 for BTC would be more compelling if it occurred while optimism is slightly subdued.

Bitcoin’s social mood has swung from one extreme to the other in roughly 72 hours this week, with on-chain analytics firm Santiment tracking a shift from deep fear into what it calls “super FOMO mode” between Monday and Thursday.

The company is now reading this public enthusiasm as a warning, not a green light.

From rejection to recovery: what really happened

Monday looked rough. He only had Bitcoin Stopped Nearly $76,000, negative comments accumulated on social media platforms, and the ratio of positive and negative sentiment for Santiment declined sharply in the FUD area. The company referred to this as a buy signal.

By Thursday, April 23, Bitcoin had recovered over $78,000 Knocking On $80,000 again. As of writing, BTC is trading at about $77,500, up about 4% over the week and about 10% over the past month, according to CoinGecko, though it is still about 38% below the all-time high of over $126,000 set in October 2025.

saint to publish Earlier in the day, he said the ratio had flipped hard into “super FOMO mode” and called it a “clear warning signal,” adding that a sustained break above $80,000 would be more convincing if optimism eased a bit first.

“Prices could continue to rise, and a break above this resistance level would be huge in attracting new and returning traders,” the company wrote. “However, this will ideally happen when optimism subsides a bit.”

ETF flows were most pronounced with Farside Investors registration Net inflows of $223 million across US spot bitcoin ETFs on April 23, with BlackRock’s IBIT accounting for $167.5 million of that. Wise encryption male IBIT has raised nearly $3 billion year to date, reaching the top 1% of all ETFs in terms of inflows.

The derivatives-driven rally raises questions about robustness

Not all analysts agree that BTC’s recent move was entirely fueled by strong demand. According to one of them, Carmelo Aleman, the rise from about $76,000 to $79,400 was quite dramatic. Paid Through futures activity rather than spot purchasing.

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During the move, open interest rose from around $24.9 billion to $28 billion, while short liquidations across Bitcoin and Ethereum totaled over $1.1 billion. This meant, according to the market observer, that many bearish leveraged positions had to be closed out, sending prices soaring.

While such rallies can be sharp, they can also be unstable if not supported by sustained immediate demand, and Aleman noted that this structure often leaves the market vulnerable to reversals if buying pressure wanes.