$BTC

Bitcoin has risen sharply to touch levels of $94.6 thousand, and everyone was saying "higher" and "more increases coming"

Yes, it is "FOMO" at its finest, and this is exactly what we need to pay close attention to.

Then it dropped to 92,000 US dollars

According to our latest data and social analysis (which we collect from X, Reddit, Telegram, and others), after this recent rise of Bitcoin, we noticed a massive explosion in the number of posts and comments predicting "the rise" and "more upwards". This is a red flag that cannot be ignored.

How do we read the chart?

1️⃣ High red bars: Indicate an increase in calls for "higher" or "above". This is a "FOMO" indicator (fear of missing out), and this feeling often coincides with a local price peak followed by a market correction, where small investors try to buy at the peaks.

2️⃣ High blue bars: In contrast, indicate an increase in calls for "lower" or "below". This reflects (FUD) or fear, uncertainty, and doubt.

The irony here is that prices often rise after these periods, as small investors sell their assets out of fear, opening the door for smart investors to buy at favorable prices.