Santiment: Ethereum negative sentiment at lowest level since 2023

Jinse Finance reported that on May 23, Santiment released its weekly market summary, stating that Bitcoin ETFs saw net outflows on 9 out of the past 10 trading days, with the current Bitcoin price around $77,500; Santiment considers this a sign of weakening retail investor confidence. Meanwhile, Ethereum market sentiment has fallen to its lowest level since 2023, but its number of non-zero addresses has reached 192.92 million, more than three times Bitcoin's approximately 59 million. Santiment also pointed out that the current ratio of bullish to bearish Bitcoin comments has risen to 2.23, the highest level in 2026, and historically, such high sentiment often precedes short-term corrections.