
Santiment warns that Bitcoin sentiment is overheated: the long/short ratio is 2.23, hitting a new all-time high for 2026
Santiment 5/31 said that BTC long/short positioning hit 2.23, the highest level since 2026; the funding rate has been net bullish for nearly four days, increasing the risk of liquidation cascades. ETF outflows are seen as a retail confidence gauge. Ethereum FUD has fallen to a near-year low, but new wallets are still growing, and whales’ and retail traders’ behavior has diverged. BTC 30-day MVRV is -2.2%, and 365-day MVRV is -17.2%, suggesting widespread losses but possibly forming a low-risk buying opportunity.








