- Bitcoin Rebound to $ 108k as whale activity and stores FOMO Bright Bullish Momentum.
- Sentiment goes to the greed zone, but technical warning for potential short -term correction.
Bitcoin [BTC] has been reduced above $ 108k, so that the script is reversed on the recent sub-$ 100k fear.
A wave of optimism runs through retail circles, while players with deep bags seem to make daring, calculated bets.
From sudden whale activity to conviction with high leverage, this latest increase is stirring more than just a price promotion.
This is what we see and what it could mean afterwards.
FOMO returns, but also a well -known sign
The sharp rebound from Bitcoin to $ 108k from $ 105k yesterday led to an increase in optimism of the retail-repeated retail in the second highest peak in FOMO sentiment in two weeks.
According to SantimentTrader Mood is the ‘greed zone’ again introduced, a territory that is historically associated with market picks.
Source: Santiment
After last week’s decrease under $ 100k, many traders are sold in a panic. Now the social sentiment bullish is running, just like the prices start to climb again.
But in Crypto, that type of energy has often preceded. With sentiment that surpasses the basic principles, the crowd can be reset for a contrary movement.
Walvisportfeuilles make their movement
Confirm fresh data about the chain what many suspected; Whales step in aggressively.
Source: X
One wallet Just open A 20x lever with a value of more than $ 50 million, with the aim of taking advantage of the momentum of BTC at $ 106.5k.
Source: X
At the same time, 997 BTC sluice Van Kraken in non -geidified portfolios in a series of large transactions that cancel eyebrows across the board. These are high conviction positions of entities that rarely act without a goal.
While retail traders are struggling with FOMO, whales seem to gamble on a deeper head.
Momentum builds up, but caution
Bitcoin’s RSI was at 61.13 at the time of the press, a sign of bullish momentum without still touching territory. Price promotion showed strong recovery candles above $ 108k, although today’s small pullback suggests the exhaustion in the short term.
The based on 1.74 m supported continuous accumulation, but a flattening of slope refers to buying pressure.
Source: TradingView
If OBV and RSI go further vary, a short -term correction could follow. Bulls still arrange the trend, but those above $ 110k with volume confirmation will be volume, will be crucial to prevent a repeat of the rejection of late May.