FOMO

Bitcoin

Optimism

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/santiment-reports-bitcoin-optimism-as-prices-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Santiment Reports Bitcoin Optimism as Prices Surge</a> 
Leading analytics firm Santiment stated through social media platform X that Bitcoin’s recent surge to approximately $90,000 has revitalized BTC investors’ optimism. The report highlights the growing sentiment in the market as traders anticipate further price increases.
<h2 style="text-align: justify" id="the-rise-of-fomo">The Rise of FOMO</h2>
According to Santiment, FOMO (Fear of Missing Out) for BTC has begun to peak. Market participants are eagerly awaiting Bitcoin’s potential ascent to six-figure price levels.
As Bitcoin aims for a new all-time high, Santiment observes that traders who positioned themselves before the rally are now selling off their coins to capitalize on the upswing.
<blockquote>
 “The speed of Bitcoin’s rise has traders attempting to estimate how long it will take to reach $100,000. Just two to three months ago, this price seemed unimaginable, but community sentiment has quickly shifted with a 70% increase since the August 5 collapse.”
</blockquote>
The price, which had been fluctuating in a narrow range for months, has often led short-term traders into traps. As anticipated, they faced disappointment due to a sudden upward breakout, with BTC delivering unexpected results and triggering billion-dollar liquidations.
<h2 style="text-align: justify" id="the-role-of-whale-wallets">The Role of Whale Wallets</h2>
Santiment noted that over the past year, whale and shark wallets holding at least 10 BTC have accumulated a total of 234,150 BTC, currently valued at approximately $19.76 billion.
<blockquote>
 “Euphoria remains high (Bitcoin is not yet at the exact levels of its previous all-time high cycle in mid-March). As long as whales continue to buy more and individual investors sell their cheap coins during minor dips, prices are expected to move upward.”
</blockquote>
The future of the Bitcoin market continues to depend on the positioning of major players and the dynamics that drive market movements.
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Santiment Reports Bitcoin Optimism as Prices Surge

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