Bitcoin Surpasses $94,000: Retail FOMO Wave Intensifies, Is Correction Coming?
Bitcoin (BTC) has surpassed $94,000, marking a new milestone in the current bull run and sparking a wave of excitement in the market. However, analysts warn that retail investors’ FOMO (fear of missing out) could be a sign of a short-term correction.
FOMO Rising Among Retail Traders
According to on-chain analytics firm Santiment, after BTC surged past $94,000, the retail sentiment index spiked, indicating a widespread FOMO wave among retail investors. In an April 25 post on the X platform, the Santiment research team noted:
$100,000 is a target that can be reached in the near future, but that rarely happens in the current overly optimistic market context. Local tops often form when the crowd becomes too excited.
Whales continue to accumulate strongly
In contrast to the excitement from the retail group, large wallets are still quietly accumulating goods. According to the latest update from Santiment, wallets holding between 10 and 10,000 BTC have added more than 19,255 BTC in just a few days. Since March 22, this group of "whales" has accumulated over 50,000 BTC, currently controlling more than 67% of Bitcoin's circulating supply.
This is considered a long-term bullish signal, showing the confidence of large institutional and individual investors in Bitcoin's further potential.
Flow Trends Show a Hodge Sentiment
CryptoQuant’s April 25 report further reinforced the positive sentiment, pointing out that the 100-day moving average of BTC inflows into exchanges has dropped to its lowest level since February 2023. This means that the amount of BTC withdrawn from exchanges has reached its highest peak in more than two years, indicating that investors are moving assets to cold wallets and holding them for the long term.
Institutional Money Is Pouring Into the Market
Over the past week, Bitcoin ETFs in the US recorded a net inflow of up to $2.68 billion, according to data from SoSoValue. Institutional interest is expected to create a more sustainable bullish momentum for the market.
A recent report from ARK Invest even predicted that Bitcoin prices could reach $300,000 to $2.4 million by 2030, depending on global adoption.
Technical Analysis: Opportunities Remain, But Be Cautious
On the technical chart, Bitcoin has just broken through the key resistance zone of $87,724, currently trading around $93,289 at the time of writing. The RSI (Relative Strength Index) is at 66.10, approaching overbought territory but still supporting the uptrend.
The Bollinger Bands are widening – a signal that volatility could continue to increase. The next resistance level is identified at $95,091.87, while the strong support zone remains at $87,724.
Conclusion:
The Bitcoin market is in a boom phase with many factors supporting the price increase, from whale accumulation behavior to institutional money flows. However, the high excitement of retail investors also poses the risk of a short-term correction. Analysts say a “rest” may be necessary before BTC reaches new milestones.
