Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Ethereum cools down as Bitcoin Strances: the rotation game of Smart Money Decoding!

2025-05-19

Interlink and Blazpay Partner to improve the user experience in Web3 with AI

2025-05-19

Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Interlink and Blazpay Partner to improve the user experience in Web3 with AI

    2025-05-19

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

    2025-05-19

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17
  • Analysis

    Dogecoin (Doge) is struggling to support profit while Meme Coin cools Mania

    2025-05-19

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Bitcoin Hits New Monthly High – Is FOMO Fueling the Rise?
Altcoins

Bitcoin Hits New Monthly High – Is FOMO Fueling the Rise?

2024-07-16No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • The net position change for long-term holders has turned positive.
  • BTC has turned its previous immediate resistance into support.

Bitcoin [BTC] has successfully crossed the $60,000 mark, supported by rising investor confidence and a largely bullish sentiment in the market.

In addition to new buyers, long-term holders are also re-entering the market, signaling a return to form for the king coin.

Buy Bitcoin!

Dates of Santiment indicates that Bitcoin traders are regaining confidence as reflected in social volume metrics, especially in buying activity.

Social purchasing volume in particular saw a significant spike, illustrating increased buyer interest and activity.

On July 15, the buying sentiment score reached approximately 117, surpassing the social selling volume, which stood at approximately 92 during the same period.

This disparity between buying and selling volumes suggests that market sentiment is currently skewed towards buying, with more participants choosing to acquire BTC rather than sell.

This trend indicates that the current Fear of Missing Out (FOMO) is sweeping through the market as traders and investors rush to capitalize on the perceived upward trajectory of Bitcoin’s value.

Such dynamics often contribute to maintaining and possibly accelerating price increases as demand exceeds supply.

Bitcoin welcomes back long-term holders

Recent data from Glass junction on the net position change metric of Bitcoin’s long-term holders provides insightful evidence of the cryptocurrency’s current bullish trend.

Previously, this measure was negative, indicating that long-term holders were unwinding their positions; essentially, they sold more than they bought.

This net selling trend continued for most of the month, contributing to bearish sentiment among established investors.

Bitcoin net position changeBitcoin net position change

Source: Glassnode

However, there has been a notable shift in this dynamic recently. The trend has reversed and the statistic now shows a positive value.

See also  Bitcoin ETFs See Massive Inflows in Trump's First Week – Will Altcoins Catch Up?

According to the latest analysis, the net position change is almost 13,000. This positive shift indicates that long-term holders are once again accumulating Bitcoin.

The trend signals their renewed confidence in the potential for further appreciation. This accumulation phase for seasoned investors is usually a strong bullish signal.

BTC breaks $60,000

According to AMBCrypto’s analysis of the daily time chart for Bitcoin, it experienced a significant uptrend on July 15. BTC rose almost 7% to trade around $64,757. This was also the first copy within a month that this price level was reached.

Moreover, it was the first time in almost a month that Bitcoin surpassed its short-term moving average (yellow line), which previously served as a resistance level in this price range.

Bitcoin price developmentBitcoin price development

Source: TradingView

At the time of writing, BTC was trading around $63,400, reflecting a decline of more than 2% from its recent high.


Read Bitcoin (BTC) price prediction 2024-25


Despite this slight downturn, interest rates have remained above the short-term moving average, indicating that the yellow line could now act as a support level.

This shift from resistance to support could indicate a potential stabilization or further gains if Bitcoin maintains its position above this critical threshold.

Next: Litecoin Price Prediction: How Long Will It Take LTC to Reclaim $113?

Source link

Bitcoin FOMO fueling high Hits Monthly Rise
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum cools down as Bitcoin Strances: the rotation game of Smart Money Decoding!

2025-05-19

Dogecoin ready to cry? Falling wig ousting hints during a rally

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19
Add A Comment

Comments are closed.

Top Posts

CryptoPunks, BAYC Leads Daily NFT Sales, Tops Ethereum

2024-05-08

Bitcoin: ‘Phony money’ comes to the rescue for this popular celebrity

2023-11-14

Bitcoin now has over 10 million ordinal numbers

2023-05-31
Editors Picks

The technical setup of the Ethereum price suggests a new rise above $2,400

2024-01-10

ChatGPT says the case will not end if SEC misses the deadline today

2024-10-16

How self -confident are Bitcoin holders at the moment? Data suggest that $ 95k violation means …

2025-04-30

Connext connects the Multichain with Chain Abstraction

2023-06-06

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Ethereum cools down as Bitcoin Strances: the rotation game of Smart Money Decoding!

Interlink and Blazpay Partner to improve the user experience in Web3 with AI

Trump administration to beat bank rules designed to prevent collapse in 2008 style: report

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,502.57-1.34%
  • ethereumEthereum(ETH)$2,438.45-3.91%
  • tetherTether USDt(USDT)$1.000.05%
  • rippleXRP(XRP)$2.33-3.16%
  • binancecoinBNB(BNB)$642.05-1.07%
  • solanaSolana(SOL)$162.28-6.14%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.219261-3.23%
  • cardanoCardano(ADA)$0.73-4.42%
  • tronTRON(TRX)$0.265095-3.04%
  • suiSui(SUI)$3.71-5.62%
  • chainlinkChainlink(LINK)$15.31-3.63%
  • avalanche-2Avalanche(AVAX)$21.92-5.75%
  • stellarStellar(XLM)$0.281867-3.61%
  • hyperliquidHyperliquid(HYPE)$25.73-5.04%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.54%
  • hedera-hashgraphHedera(HBAR)$0.189224-3.32%
  • unus-sed-leoUNUS SED LEO(LEO)$8.59-1.24%
  • bitcoin-cashBitcoin Cash(BCH)$385.34-4.27%
  • the-open-networkToncoin(TON)$2.93-6.43%
  • litecoinLitecoin(LTC)$96.09-3.16%
  • polkadotPolkadot(DOT)$4.53-5.93%
  • moneroMonero(XMR)$344.270.32%
  • bitget-tokenBitget Token(BGB)$5.15-2.75%
  • pepePepe(PEPE)$0.000013-5.04%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.72-3.38%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.79-4.98%
  • bittensorBittensor(TAO)$400.23-6.59%
  • aaveAave(AAVE)$224.12-2.95%
  • nearNEAR Protocol(NEAR)$2.73-4.25%
  • aptosAptos(APT)$5.07-3.08%
  • okbOKB(OKB)$51.92-2.51%
  • ondo-financeOndo(ONDO)$0.91-4.36%
  • kaspaKaspa(KAS)$0.106473-6.93%
  • ethereum-classicEthereum Classic(ETC)$17.97-3.56%
  • internet-computerInternet Computer(ICP)$5.10-4.12%
  • gatechain-tokenGateToken(GT)$21.32-1.35%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.68-3.31%
  • crypto-com-chainCronos(CRO)$0.093981-6.04%
  • mantleMantle(MNT)$0.73-1.86%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230981-4.47%
  • vechainVeChain(VET)$0.027463-4.55%
  • render-tokenRender(RENDER)$4.47-5.12%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.354514-8.26%
  • filecoinFilecoin(FIL)$2.80-3.53%
  • algorandAlgorand(ALGO)$0.217163-4.00%
  • arbitrumArbitrum(ARB)$0.379217-4.19%
  • bitcoinBitcoin(BTC)$103,502.57-1.34%
  • ethereumEthereum(ETH)$2,438.45-3.91%
  • tetherTether USDt(USDT)$1.000.05%
  • rippleXRP(XRP)$2.33-3.16%
  • binancecoinBNB(BNB)$642.05-1.07%
  • solanaSolana(SOL)$162.28-6.14%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.219261-3.23%
  • cardanoCardano(ADA)$0.73-4.42%
  • tronTRON(TRX)$0.265095-3.04%
  • suiSui(SUI)$3.71-5.62%
  • chainlinkChainlink(LINK)$15.31-3.63%
  • avalanche-2Avalanche(AVAX)$21.92-5.75%
  • stellarStellar(XLM)$0.281867-3.61%
  • hyperliquidHyperliquid(HYPE)$25.73-5.04%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.54%
  • hedera-hashgraphHedera(HBAR)$0.189224-3.32%
  • unus-sed-leoUNUS SED LEO(LEO)$8.59-1.24%
  • bitcoin-cashBitcoin Cash(BCH)$385.34-4.27%
  • the-open-networkToncoin(TON)$2.93-6.43%
  • litecoinLitecoin(LTC)$96.09-3.16%
  • polkadotPolkadot(DOT)$4.53-5.93%
  • moneroMonero(XMR)$344.270.32%
  • bitget-tokenBitget Token(BGB)$5.15-2.75%
  • pepePepe(PEPE)$0.000013-5.04%
  • daiDai(DAI)$1.000.03%
  • piPi(PI)$0.72-3.38%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$5.79-4.98%
  • bittensorBittensor(TAO)$400.23-6.59%
  • aaveAave(AAVE)$224.12-2.95%
  • nearNEAR Protocol(NEAR)$2.73-4.25%
  • aptosAptos(APT)$5.07-3.08%
  • okbOKB(OKB)$51.92-2.51%
  • ondo-financeOndo(ONDO)$0.91-4.36%
  • kaspaKaspa(KAS)$0.106473-6.93%
  • ethereum-classicEthereum Classic(ETC)$17.97-3.56%
  • internet-computerInternet Computer(ICP)$5.10-4.12%
  • gatechain-tokenGateToken(GT)$21.32-1.35%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.68-3.31%
  • crypto-com-chainCronos(CRO)$0.093981-6.04%
  • mantleMantle(MNT)$0.73-1.86%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230981-4.47%
  • vechainVeChain(VET)$0.027463-4.55%
  • render-tokenRender(RENDER)$4.47-5.12%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.354514-8.26%
  • filecoinFilecoin(FIL)$2.80-3.53%
  • algorandAlgorand(ALGO)$0.217163-4.00%
  • arbitrumArbitrum(ARB)$0.379217-4.19%