Analyst sentiment for Bitcoin has shifted dramatically bullish, with 85% of analysts now positive and sentiment indices higher than at the start of the 2023 bull market, according to CryptoQuant data.
Macro & Markets ·
Bitcoin's Analyst Consensus Index surged to +49.2 from -18.3 since early July, with nearly 85% of analysts now bullish, according to data cited by https://cryptopotato.com/bitcoin-analysts-are-more-bullish-now-than-at-the-start-of-the-2023-bull-market-cryptoquant/. The sentiment shift has been steeper and faster than the previous cycle—sentiment gained 67 points over the same timeframe compared to 36 points in 2022-2023, despite Bitcoin's more modest price recovery. Ethereum's index climbed to +58.3 with 88% bullish analysts, while Solana reached +72 with 91% bullish, reversing their previous lag behind Bitcoin in the prior cycle.