Bitcoin sentiment shows peak bearishness at lows

Recent data indicates that Bitcoin's sentiment has been most bullish near its price highs and most bearish during periods of stress. This pattern suggests that investor conviction peaks at market tops and fear dominates at bottoms, which is often the inverse of where trades are most profitable. The recent market downturn, influenced by factors like AI investment shifts and potential interest rate hikes, has seen Bitcoin's price drop significantly from its late-May peak. The ending of outflow streaks for Bitcoin and Ether ETFs offers a slight positive signal, but larger data is needed to confirm a trend reversal.