Bitcoin (BTC) price managed to bounce back, hitting a new three-week high. On-chain analysis firm Santiment commented that the rebound is a "much-needed recovery momentum" in the market, and analysts believe that investors are once again falling into the phenomenon of blindly investing FOMO( fear of missing ) out on opportunities.
According to TradingView data, on the 2nd local time, the price of Bitcoin, benchmarked by Coinbase, soared to $94,625 ( about 139.28 million won ) at the close, the highest level since November 25. This sharp rise is interpreted as a signal of a recovery in investment sentiment after short-term adjustments.
"Mentions of terms such as &39, up &39, &39, &39, breakthrough &39; on social media are surging," Santiment said via X( original Twitter ), and said investors' anticipation is quickly recovering. Analysis believes that compared with the price rise itself