Santiment: Current market bullish sentiment is overly FOMO, making it difficult for BTC to quickly reach new highs

ChainCatcher message, Santiment published data on social media stating that after a 22% increase in Bitcoin price over the past 3 weeks, bullish sentiment has quickly replaced bearish sentiment, with traders expecting the price to reach $70,000 soon.

If investors are waiting to see Bitcoin hit a new all-time high, they may need to wait until people lower their expectations. Currently, the number of bullish views significantly outweighs bearish views. However, historically, the market always moves in the opposite direction of crowd expectations.