Cryptocurrency on-chain analytics platform Santiment recently shared data indicating that "there's been a growing bullish bias among investors looking at Bitcoin on social media and crypto communities, something that has historically not been followed by actual price increases." According to the data, the ratio of bullish to bearish posts about BTC on social media has recently been as high as 1.8:1 in favor of the bulls. Historically, the market has tended to move against the grain of crowd sentiment, said Santiment, adding that "BTC may need to wait for crowd euphoria to die down before making a serious run at new all-time highs."