Rally

FOMO

Bitcoin

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<ul> 
 <li>On-chain analysis platform Santiment has highlighted key factors necessary for the continuation of the current crypto market rally.</li> 
 <li>The analysts pointed out that the recent surge in cryptocurrencies, fueled by the US non-farm payroll data released on Friday, requires a market condition devoid of FOMO for its sustenance.</li> 
 <li>Santiment also noted that short positions played a significant role in Bitcoin’s abrupt reversal from $58,000 to $64,000, indicating that investors are once again taking long positions.</li> 
</ul> 
<p><strong>On-chain analysis platform Santiment discusses the factors necessary for the continuation of the current crypto market rally, emphasizing the need for a market condition devoid of FOMO.</strong></p> 
<h2 id="strong-bitcoin-s-rally-and-the-role-of-short-positions-strong"><strong>Bitcoin’s Rally and the Role of Short Positions</strong></h2> 
<p>According to Santiment, short positions played a crucial role in Bitcoin’s sudden reversal from $58,000 to $64,000. This suggests that investors have started taking long positions again. The analysts implied that a market where the majority are taking long positions cannot sustain a long-term rally, and therefore, funding data should be closely monitored.</p> 
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Key Factors Necessary for the Continuation of Bitcoin (BTC) Rally, According to Santiment Analysis

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