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Analysis Suggests Bitcoin Bull Run is Far From Over as FOMO Hasn’t Set in Yet
Summary: The price of bitcoin moved from little over $11,000 in October of last year to a new all-time high above $58,000 earlier this month. Despite the massive rise, analysis shows that bitcoin’s bull run likely isn’t over as fear of missing out (FOMO) hasn’t set in yet. According to researchers at on-chain analytics platform Whalemap, ...
The price of bitcoin moved from little over $11,000 in October of last year to a new all-time high above $58,000 earlier this month. Despite the massive rise, analysis shows that bitcoin’s bull run likely isn’t over as fear of missing out (FOMO) hasn’t set in yet.
According to researchers at on-chain analytics platform Whalemap, statistics covering bitcoin buys between $5 million and $7 million concluded that despite the recent highs bitcoin still hasn’t hit its "macro top", as bull runs in 2017 and 2019 saw buys of a similar size, and only retraced after these investments hit a peak.
By Amy Liu
Tags: Analysis,Bitcoin,Bull,FOMO
Link: Analysis Suggests Bitcoin Bull Run is Far From Over as FOMO Hasn’t Set in Yet [Copy]
