Bitcoin sentiment hit peak bearishness at recent lows, peak bullishness near tops

Bitcoin sentiment was most bullish when prices were highest and most bearish when prices were most stressed, based on Santiment data from May 21 through June 4, according to CoinDesk, with peak bullishness on May 22 near $78,000 and peak bearishness on June 3 near the period low. Bitcoin was recently around $62,400, about 20% below the late-May peak. U.S. spot bitcoin ETFs ended a 13-day $4.4 billion outflow streak with a $3.05 million inflow, while spot ether ETFs ended a 17-session streak with $19.30 million.