Bitcoin $ 2T crosses $ on the CAP market leads to FOMO retail trade. What next?

It attracted the maximum Bitcoin (BTC) market with a value of $ 2 trillion, a wave of new buyers to the market, while experienced merchants turn cautious, according to data analysis on the series by Glassnode.

The BTC price was $ 100,000 last Thursday, and raised the market value of more than $ 2 trillion for the first time since January 31, according to the TRADINGVIEW data source. Since then, the ship has settled over the 2 trillion dollar sign, with Analysts call for standard levels On the back of the imminent American inflation data later on Tuesday.

It is common for new investors to join the market in such bullish conditions, and they do this in large numbers, hinting at the FOMO retail trade, which is a colloquial encryption of “fear of loss”. Fomo happens when investors feel that they are forced to buy coins because they see that others are achieving gains or fear that prices will rise dramatically without them. It causes investors to make flowing purchases with emotions instead of accurate study.

Glassnode said on X.

The SUPLY SUPLY setting tool is a popular division for different investors ’regrets based on their behavioral patterns.

The first time settings are defined as wallets involved with the distinctive symbol for the first time. The relative strength index indicates a period of 30 days for buyers for the first time who hold at 100 during the week a strong interest in the purchase of these participants.

However, the activity of other investor groups is not encouraging, which raises the possibility of unifying BTC prices or decline.

For all Glassnode, the request from the momentum buyer is still weak, as RSI lasts for 30 days in 11 years. Momentum traders benefit in the upward trend or a declining direction, which will continue to bet.

“The momentum buyer is still weak (RSI ~ 11), and the applicants have risen.