Bitcoin sentiment hits worst levels since Iran war

Bitcoin has maintained a stable price despite a significant downturn in market sentiment, reaching levels not observed since the early days of the Iran conflict. This negative sentiment is reflected across social media, on-chain data, and investor positioning metrics. However, this pessimism is occurring concurrently with sustained institutional buying activity. This divergence suggests that while retail and speculative sentiment has soured considerably, larger, more strategic investors continue to accumulate Bitcoin, potentially viewing the current low sentiment as a buying opportunity.