The Bitcoin bottom is not in BTC traders set price targets in low $40K range

Crypto traders appear to agree that todays market rout is far from over.

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Bitcoin traders risk-off as BTC price falls to $62K Is a generational bottom approaching?

Bitcoin traders anticipate a potential price drop below $60,000. Will dip buyers show up?

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Bitcoin traders expect a push higher after several metrics turn bullish

Bitcoins price has cooled off from its recent highs, but analysts still anticipate a push higher as multiple BTC metrics flash bullish.

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Analysts forecast $200K+ Bitcoin price after BTCs bullish momentum returns

Bitcoins decisive move above $65,000 and miners' return to deep profitability could lead to BTC hitting $220,000.

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XRP & Litecoin See Social Media FOMO: Bad Sign For Prices?

Data shows that users on social media are overwhelmingly showing FOMO towards XRP and Litecoin, something that could be a bearish sign for their prices. Weighted Sentiment Has Spiked For Both XRP & Litecoin Recently According to data from the analytics firm Santiment, LTC and XRP are among the coins that have seen an improvement [...]

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BlockDAGs Cutting Edge X1 Miner App Drops on App Store, Sparking FOMO and Surpassing Bitcoin & Stellar as Top Crypto Choice!

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Solana (SOL) Surges 18%, But Watch Out For Crowd FOMO

Solana has been showing a breakout over the last few days, but data shows crowd FOMO is rising, which could be a bad sign for the rally. Solana Social Volume Has Shot Up Alongside The Rally According to data from the on-chain analytics firm Santiment, the SOL social volume has observed a sharp increase following the recent recovery of cryptocurrency. The “Social Volume” here refers to an indicator that keeps track of the degree of discussion that any given asset receives on the major social media platforms. Related Reading: Retail Losing Interest In Bitcoin? Volume Plunges 30% This metric makes this measurement by counting up the unique number of posts/threads/messages, making at least one mention of the cryptocurrency. The indicator doesn’t simply count up the mentions themselves because sometimes a large number of mentions can crop up within a couple of posts, while at the same time, the discussion could be more or less dead on the rest of social media. The high mentions would suggest a lot of discussion in this case, but in reality, the talk is all contained within niche circles. By measuring the number of posts, the Social Volume can tell us about the trend across social media. Now, here is a chart that shows the trend in the Solana Social Volume over the past week or so: As is visible in the above graph, the Solana Social Volume has registered some rapid growth recently. This would imply that the intensity of discussions related to the asset has suddenly spiked. The driver behind this increase in the indicator is likely to be the rally that the coin’s price has enjoyed recently. In this new surge, SOL has recovered from a low of around $124 to the current $146 mark, meaning it has seen returns of almost 18% in just a few days. The Social Volume spiking alongside a rally isn’t unusual, as social media users find sharp price action exciting, so they participate in more discussions than normal. However, the scale of the spike that the metric has seen this time may be worth noting. Historically, the asset’s price has tended to move against the majority’s expectations, so too much excitement too suddenly can be a bearish sign for the cryptocurrency. In the same chart, Santiment has attached the Social Volume for Avalanche (AVAX) data, which has also witnessed a recovery run. It would appear that, unlike the Solana surge, few are paying attention to Avalanche’s rally, as the indicator’s value has remained relatively low. Related Reading: Bitcoin Near Euphoria Boundary: What Happens After A Breach? Therefore, AVAX’s rally could be more likely to be sustainable than SOL’s, as it has been seeing much less FOMO, at least according to the Social Volume. SOL Price Solana had broken past the $151 level yesterday, but the asset has since seen a minor pullback to $146. It’s currently unclear if this means that the negative effect of FOMO is already kicking in for SOL. Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com

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Bitcoin FOMO: Social Media Users Calling To Buy Sub-$66,000 Dip

Data shows that traders on social media have been calling to buy during the latest Bitcoin dip below $66,000, a sign that FOMO is active in the market. Bitcoin Investors Are Displaying FOMO After The Recent Decline As the analytics firm Santiment pointed out in a new post on X, the recent drawdown in the [...]

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Bitcoin price to sustain $265K level once boring consolidation ends Analysts

Analysts forecast a Bitcoin run to $265,000, but it could take longer than investors expect.

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Bitcoin price still in prime buy zone even with rally to $65K

Analysts say Bitcoin price remains in an optimal buy zone even after BTC rallied to $65,500 on May 6.

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Analyst Says $2 XRP Price Is Low As It Still Isnt Activated

Although the XRP price is hovering above $2, a crypto analyst contends that this level is still low. Comparing XRPs current price action to its explosive rally in 2017, the analyst argues that the market has not recognized the full scope of the cryptocurrencys evolving fundamentals.  XRP Price At $2.2 Is Still Undervalued  Pumpius, a crypto analyst on X (formerly Twitter), firmly believes that the XRP price is poised for a stronger rally, arguing that a $2.21 target remains significantly undervalued. The market expert’s analysis starkly compares the current market positioning with its historic rally in 2017.  Related Reading: Crypto Analyst Shatters XRP Price Bullishness, Predicts Massive Crash To This Support Level Back in 2017, the altcoin skyrocketed from a low price of $0.005 to a staggering all-time high of $3.84, marking its most historic price rally. At its peak, XRP briefly overtook Ethereums market cap, securing the position of the second-largest cryptocurrency in the world, just behind Bitcoin.  During this historic rally, the XRP price soared by an astonishing 64,000%, reflecting a monumental gain despite lacking real-world use cases, institutional backing, or regulatory clarity. According to Pumpius, this surge was purely driven by retail Fear Of Missing Out (FOMO), with no stablecoins, IPOs, or financial infrastructure supporting the cryptocurrencys rapid ascent.  Fast-forward to today, and the landscape surrounding XRP has evolved significantly. Ripple Labs, an enterprise blockchain company and the largest holder of XRP, has launched its stablecoin, RLUSD, which indirectly strengthens XRPs position in the digital currency space. The company has also secured prime brokerages and regulatory clarity from the US, expanding Ripples market reach and creating a stable environment for XRPs growth.  With an IPO allegedly in the pipeline, the infrastructure supporting XRP is more robust than ever, far exceeding the conditions seen in 2017. However, despite these developments and milestones, the altcoin’s price has yet to revisit its former all-time high and continues to trade above $2. As a result, Pumpius claims that the cryptocurrency has still not been activated, suggesting that it has not fully realized its potential or experienced the level of growth expected of it.  Why This Time Could Be Different Unlike in 2017, the potential for XRP is no longer based on hype alone. Pumpiuss analysis estimates that if XRP were to repeat its historical 64,000% rally, starting from $2.21, its price could reach $1,414.40.  Related Reading: Is The XRP Price Rally Over At $2.22? New Developments Suggest Major Pump Is Coming While this target is purely speculative, the number underscores the massive upside that could follow if institutional capital and real-world adoption combine with retail momentum. Pumpiuss commentary also includes a conspiracy narrative, alleging that powerful, unknown entities have worked behind the scenes to suppress XRPs rise. According to this theory, the analyst claims that the US SECs lawsuit against Ripple wasnt just about compliance but a calculated move to delay adoption and shake out retail momentum. The underlying message is that XRPs disruptive potential posed an early threat, allegedly leading to attempts to delay its growth and prevent widespread accumulation before institutions were ready to enter the market. Featured image from Getty Images, chart from Tradingview.com

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Bitcoin Back Above $63,000: Will FOMO Fuel Another Rally Or Lead To A Bust?

The Bitcoin price made a strong comeback on Friday after witnessing a significant amount of bearish pressure throughout the past week. On Wednesday, May 1, the premier cryptocurrency fell below the $60,000 mark for the first time in almost two months. On Friday, May 3, the price of BTC recovered above the $60,000 level, going as high as $63,000 in the past day. However, the question is – can the Bitcoin price enjoy a sustained rally following this latest resurgence? How Long Will The BTC Price Rally Last? In a recent post on the X platform, Santiment pointed to a shift in investors position and sentiment on the Bitcoin price following the recent surge above $62,000. According to the on-chain analytics site, traders on the Binance platform are going from liquidated shorts to longs after the latest price increase. Related Reading: Shiba Inu Stands Strong: Over 650K Wallet Addresses Still Profitable Amid Recent Price Drop While this shift in sentiment might signal renewed optimism in the premier cryptocurrency, Santiment sounded a warning bell for enthusiasts watching the Bitcoin price and looking to get into the market. The blockchain firm said in its post:  For the rally to continue, we don’t want to see FOMO rising too much higher than what it appears to be now. Source: Santiment/X FOMO, or fear of missing out, is a phenomenon where investors hastily purchase in-demand assets out of fear of missing out on potential gains. While it can drive the asset to a higher price in the short term, excessive FOMO often results in unsustainable bullish trends and subsequent downturns. What’s more, crypto prices tend to move in the opposite direction of the crowds expectations. Hence, if the majority of traders are betting on the Bitcoin price to rise, there is a great likelihood that the cryptocurrencys value will experience a drop. Behind The Bitcoin Price Surge As of this writing, the Bitcoin price stands at around $62,871, reflecting a substantial 6% increase in the last 24 hours. Although the catalyst for this latest Bitcoin rally remains unclear, on-chain data shows that recent whale activity might have triggered the bullish momentum. Related Reading: Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon In a recent post on X, CryptoQuant CEO and founder Ki Young Ju revealed that Bitcoin whales acquired 47,000 BTC in a single day. Ju also said that while this class of investors might have included ETF-associated addresses, the recent spike in balances for whale addresses is not ETF-related. #Bitcoin whales accumulated 47K $BTC in the past 24 hours. We’re entering a new era. pic.twitter.com/SXgzToN8GU Ki Young Ju (@ki_young_ju) May 3, 2024 Bitcoin price fails to hold above $63,000 on the daily timeframe | Source: BTCUSDT chart from TradingView Featured image from iStock, chart from TradingView

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Bitcoin price preps for bigger move as on-chain metrics reset

Bitcoin technical and on-chain data point to a much bigger move for BTC now that key price metrics have reset.

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Pre-launch token trading 20 times more volatile than post-launch trading Keyrock

Pre-launch volatility underscores the critical role of liquidity in stabilizing markets, according to the report.

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Bitcoin Supply Shows Strong April Activity from New Buyers: Glassnode

Bitcoins Supply RSI has surged to 100, and the market is flooded with FOMO buying this April.

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Bitcoin Sets New All-Time High Above $69,000 As Institutionals Show FOMO

Bitcoin has set a new all-time high (ATH) above the $69,000 level as institutional investors have aggressively bought on Coinbase. Bitcoin Has Set A New ATH Above $69,000 The moment that every Bitcoin investor had been looking forward to has finally arrived today. The cryptocurrency just smashed past the record set in November 2021 to [...]

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Will Bitcoin Break $74,000 Driven By TradFi FOMO?

Willy Woo, an on-chain analyst, believes the Bitcoin upswing is far from over. Citing the development in the Bitcoin Macro Oscillator and the possibility of traditional finance jumping on the bandwagon (FOMO), the odds of BTC rallying in at least two strong legs up in the coming session could not be discounted.  On-Chain Data Signals More Upside For Bitcoin In a post on X, Woo remains confident about what lies ahead for the world’s most valuable cryptocurrency. Based on on-chain development, there are indicators that the coin may firmly push higher, breaking above the current lull. Related Reading: AI Tokens Fetch.AI, AGIX, OCEAN Talk Merger, Surge Double Digits Bitcoin remains mostly range-bound when writing, trading within a tight zone capped by $73,800 on the upper end and $69,000 as immediate support. Even with analysts being confident of what lies ahead, the coin has failed to overcome strong selling momentum from sellers to breach all-time highs in a buy-trend continuation. From how the coin is set up, the current sideways movement may be accumulation or distribution, depending on the breakout direction. For instance, any upswing above $72,400 might spur demand, lifting the coin towards $73,800. Conversely, losses below $69,000 and the middle BB might see BTC slump to March 5 lows or even lower. Will TradFi FOMO And Short Squeeze Lift BTC? Even with the slowdown in upside momentum, Woo says there is strong potential for “another solid leg up.” The analyst also added that there could be two surges if TradFi investors “FOMO” into Bitcoin. In the 2017 bull run, the rally to $20,000 was primarily due to retailers jumping in and FOMOing on the coin.  With spot Bitcoin exchange-traded funds (ETFs) available in the United States, speculation is that more institutions and high-net-worth individuals are buying the coin. If BTC rips higher, breaking $74,000, more inflow will likely be into the multiple spot Bitcoin ETFs, fueling demand. Related Reading: Litecoin ETF Rumors Fuel 10% Surge As Institutions Hint At Interest This bullish outlook comes when other analysts expect Bitcoin to surge in the sessions ahead. In a post on X, one analyst says the incoming short squeeze will likely propel the coin above March highs. Whenever a short squeeze happens, prices rise, forcing sellers to buy back at higher prices, accelerating the uptrend. The assessment is behind a record-breaking gap between institutional investors betting on price increases and hedge funds selling the coin.  Feature image from DALLE, chart from TradingView

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Buy High, Sell Low: FOMO Made This Crypto Trader Lose 6,039 SOL

Cryptocurrency traders constantly look for the next big project to yield significant profits. However, not all of their investments result in massive gains. A recent report by Lookonchain revealed that a trader lost more than $1 million within three days. Related Reading: Leading The Pack: Solana Captures Nearly 50% Of Global Crypto Attention When Buying High Doesnt Result In Selling Higher According to the blockchain research platform Lookonchain, a crypto trader lost 6,039 SOL over the last three days after FOMO-buying a memecoin. Per the report, the trader bought Slerf (SLERF) for 4,958 SOL, worth around $1 million. The different transactions occurred when the price hovered between $0.8 and $1.4 on its launch day. A couple of hours later, the trader sold its SLERF tokens, losing 2,793 SOL after the tokens price plunged to the $0.4-$0.6 range, for a loss of $564,000. This #FOMO buyer sold all $SLERF at a loss of 6,039 $SOL($1.15M) again. Then he deposited all his $SOL to #Binance and may no longer trade #MEMEcoins.https://t.co/ubHQwYoM54 pic.twitter.com/RIJkDF103C — Lookonchain (@lookonchain) March 21, 2024 Seemingly, the fear of missing out made the trader buy SLERF a second time when the price neared its all-time high (ATH) of $1.30. The address bought 3 million Slerf at $1.17, spending 19,133 SOL, worth around $3.152 million. At the time, the pending question was whether the trader would profit from this second attempt or lose more money. As Lookonchain reported, the FOMO buyer sold all their SLERF tokens at a loss again, losing 6,039 SOL, worth $1.15 million. The Slerf token, which has been all over the news for its dramatic launch, saw a significant price decrease of 52.39% from the ATH registered the day after launch. At writing time, SLERF is trading at $0.6351, an 18.4% decrease in the past 24 hours. oh fuck#Slerf #Slerfthesloth #slerfsup $slerf pic.twitter.com/MZes6fVjHN — Slerf (@Slerfsol) March 22, 2024 A second trader lost 3,731 SOL, worth $775,000, just one hour after buying 790,236 SLERF at its ATH price. The trader then doubled down on its bet and bought another 650,000 SLERF. Unluckily, the tokens price plummeted after both purchases. Is The Crypto Presale Meta Hand In Hand With FOMO? To paint an even bigger picture, another crypto trader lost money yesterday after buying a different ‘presale meta’ memecoin. Although the figures are more modest than the other two cases, this trader bought SMOLE and lost 371 SOL. Later, the address spent 2,549 SOL to buy SLERF. This guy always buys high and sells low. He lost money on $SMOLE twice in just 20 minutes, with a total loss of 371 $SOL($70K). Then he spent all 2,549 $SOL($484K) to buy $SLERF.https://t.co/X4aRpNrZuC pic.twitter.com/oZlWkyKD8B — Lookonchain (@lookonchain) March 21, 2024 SMOLE, despite only being out for one day, has already seen massive criticism and a 17.1% price drop. At writing time, the memecoin is changing hands at $0.0001499, a 70.39% decrease from its highest price of $0.0005086. As this might suggest, FOMO seemingly drives memecoin traders decisions during this presale meta. The trend has seen hundreds of millions of dollars sent to memecoins, most of which report millions in losses for investors. 2024 is a #FOMO #YOLO kind of year go for it ! pic.twitter.com/AT8iMZchdQ — Crypto Damus (@AstroCryptoGuru) March 20, 2024 Despite experienced traders being able to profit from this trend, the current numbers hint at a considerable amount of traders losing massive figures while trying to catch the next memecoin to go turbo parabolic, even if it doesnt have a long-term roadmap. Related Reading: Trezor X Account Hacked: How Much Was Taken In The Fake Crypto Presale? SOL is trading at $172.25 in the 1-day chart. Source: SOLUSDT on Trading.view.com  Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin FOMO: Over 533,330 Addresses Bought Above $70,180

On-chain data suggests more than 533,330 addresses FOMOd into Bitcoin above $70,180. Following the latest plunge, these investors would all be in losses. Over 500K Bitcoin Addresses Have A Cost Basis Between $70,180 & $71,340 As pointed out by analyst Ali in a post on X, many investors have bought at the recently high price [...]

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Wolf of All Streets Expects Mainstream Crypto FOMO to Return When DOGE Hits New All-Time High

Scott Melker, also known as the Wolf of All Streets, has revealed his theory on the potential resurgence of mainstream fear of missing out (FOMO) in the crypto market. He asserted that people seem to forget that the mainstream fervor in the last bull market came through dog coins, like dogecoin, and non-fungible tokens (NFTs). [...]

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