Bitcoin sentiment has dropped sharply, with data from Santiment showing the lowest bullish-to-bearish ratio since late February. The current ratio stands at 0.81, meaning there are roughly five bearish comments for every four bullish ones across platforms like X and Reddit.

This decline in sentiment reflects growing uncertainty among investors, with Bitcoin trading around $67,000 and down over 5% in the past month. The shift highlights a broader cooling in market confidence, as traders react to macro conditions and unresolved regulatory developments.