Bitcoin Bulls Defy Market Sell-Off As Sentiment Hits 2026 High — Analysts
Bitcoin Bulls Defy Market Sell-Off As Sentiment Hits 2026 High — Analysts
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Despite ten consecutive days of outflows from Spot Bitcoin ETFs, totaling nearly $3 billion since mid-May, social media sentiment around Bitcoin has reached its most bullish point of the year. This indicates a strong defiance by Bitcoin bulls against prevailing market sell-off pressures.
Spot Bitcoin ETFs have now logged 10 straight days of outflows, with total net redemptions nearing $3 billion since May 15. That is the backdrop against which social media sentiment around Bitcoin has climbed to its most bullish point all year. The article also briefly notes that the Sui Blockchain suffered its third outage before recovery, with $1.88M wiped out during the incident.