Despite the rise in Bitcoin price, crowds are not yet caught up in FOMO.
Shared by on-chain analysis platform Santiment data, pointed out that the rise in Bitcoin may continue. Bitcoin’s end increased by 74% in 4 months analysis platform pointing out the extreme your greed And of FOMO He noted that it did not occur.
US Securities and Exchange Commission (SEC) spot Bitcoin exchange-traded fund (ETF) While it is emphasized that the interest has clearly increased in the weeks before and after the application approval, we have not reached an overheating position yet. A bigger rise may be on the way It was stated:
Despite Bitcoin’s 74% price increase in 4 months, the crowded FOMO that would normally be associated with such a rise was absent. There was certainly interest in BTC in the weeks before and after the SEC approved 11 ETFs, but the lack of excessive greed could actually be considered a hopeful sign that this rally could continue. This may indicate that we are in the preliminary stages of a larger uptrend.
According to CoinGecko data, in the last 24 hours %2 Bitcoin losing value at the time of writing from $51,223 is being traded.