The tone of Bitcoin-related social media posts has flipped to bullish

Despite Bitcoin continuing to swing around $85,000. “Traders are showing optimism that BTC can regain $90K”

Crypto analytics platform Santiment has said that the tone of Bitcoin-related social media posts has flipped to bullish.

Despite Bitcoin continuing to swing around $85,000, traders are showing optimism that BTC can regain $90K, which will likely be dependent on tariff and global economy news as the week progresses, according to crypto analytics platform Santiment.

“Social media pessimism has vanished, pushing into bullish territory as traders now favor optimism over negativity,” said blockchain analytics firm Santiment.

Its social media tracker, which measures how social media users feel about crypto based on the tone of their posts, moved into “bullish territory” on April 16 with a score of 1.973.

Before that, it was neutral, with a score below 1.606, as social media users were unsure about where Bitcoin’s price was headed.

“As the world’s leading cryptocurrency has repeatedly crossed above and below $85K, it seems traders aren't quite sure which way it's going in the short term,” said Santiment.

Bitcoin tapped as high as $86,000 on April 15 before retracing down to $83,000 the following day. Bitcoin is trading at $84,390 at the time of publication, according to CoinMarketCap.

If Bitcoin reclaims the $85,000 price level, then approximately $254 million in short positions will be at risk of liquidation, according to CoinGlass. A move above $85K would also put several resistance levels in the crosshairs.

In the past 24 hours, several popular crypto accounts on X have shared bullish comments on Bitcoin. For example, Samson Mow’s firm Jan3 said that Bitcoin hitting $500,000 “isn’t crazy.”

“People keep saying $500K Bitcoin by 2025 is impossible. But we're already in 2024, and BTC is still a long way from that level,” said Jan3.

Crypto trader “Ted” added that “Global money supply is going up, and eventually, this liquidity will go into Bitcoin. Just wait and watch.”

Meanwhile, crypto trader Titan of Crypto said that “according to Dow Theory, BTC remains in an uptrend, consistently printing higher highs and higher lows.”

Other crypto sentiment trackers are not flashing as bullish, however. The Crypto Fear & Greed Index, which measures overall market sentiment, is still displaying a “Fear” score of 30 out of 100.

It comes after the crypto market posted its weakest first quarter performance in years. Crypto market net flows also went into negative territory in Q1 2025.

Bitcoin and Ether (ETH), the two largest cryptocurrencies by market capitalization, saw price declines of 11.82% and 45.41%, respectively, over Q1 2025 — a quarter that has historically seen strong results for both assets.