Bitcoin gave back part of its Friday morning gains after briefly rallying to $86,500 following a weaker-than-expected jobs report. According to NS3.AI, Ethereum and XRP also reversed lower as social sentiment turned sharply negative.

Santiment said Ethereum recorded 0.89 bullish comments for every bearish comment, while XRP logged 0.67 bullish comments per bearish comment. XRP spot exchange-traded funds drew $4.07 million on Oct. 1, according to SoSoValue, while Ethereum exchange-traded funds saw $55.37 million in outflows that day, marking a third straight session of withdrawals.

Santiment said heavy pessimism can sometimes create favorable contrarian entry conditions, though it does not guarantee a price rebound.