Bitcoin‘s recent price surge has significantly improved trader sentiment, reaching levels not seen in 16 months. According to data tracking social media mentions, there’s been a notable shift towards more positive comments about Bitcoin. “Bitcoin’s +20% 3-week price rally has left traders feeling a whole lot more bullish than they were at the beginning of the month,” stated Santiment in a July 27 X post. At that time, Bitcoin was trading at $67,708, up 6.22% since July 25, according to CoinMarketCap. Santiment highlighted that its weighted sentiment index, which measures Bitcoin mentions on X and the ratio of positive to