{"id":3373,"date":"2024-11-27T15:03:48","date_gmt":"2024-11-27T15:03:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3373"},"modified":"2024-11-27T15:03:48","modified_gmt":"2024-11-27T15:03:48","slug":"wheres-the-fomo-bitcoin-retail-crowd-yet-to-jump-in-analyst-says","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3373","title":{"rendered":"Where\u2019s The FOMO? Bitcoin Retail Crowd Yet To Jump In, Analyst Says"},"content":{"rendered":"
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From its peak of $99,531 on November 23rd, Bitcoin, the world\u2019s leading digital asset, is now trading at the $92k to $93k level<\/a>, prompting many to speculate that its historic price run has ended. However, for CryptoQuant CEO Ki Young Ju, the alpha coin\u2019s current price action isn\u2019t a cause for concern.<\/p>\n

In a Twitter\/X post, Ki Young shared that Bitcoin\u2019s retail investors are not yet in \u201cFOMO\u201d (fear of missing out) mode. The current retail action, he says, doesn\u2019t indicate signs of excessive excitement or panic.<\/p>\n

Ki Young explained that there\u2019s still a surge of trading activities across markets for spots, futures, and exchanges.<\/p>\n

Retail Investors Feeling The \u2018FOMO\u2019 In Meme Coins?<\/strong><\/h2>\n

In a Twitter\/X post last November 26th, Ki Young argued BTC retail investors are not yet feeling the excitement of missing out. Market indicators, he says, point to neutral market sentiment, the same position it has held since April when the top digital asset traded at $64,000.<\/p>\n

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#Bitcoin<\/a> retail investors aren\u2019t in FOMO yet. pic.twitter.com\/DiGcChyNWt<\/a><\/p>\n

\u2014 Ki Young Ju (@ki_young_ju) November 26, 2024<\/a><\/p>\n<\/blockquote>\n

During the last Bitcoin bill run, the retail market\u2019s FOMO reached its high in January 2021 when the asset was trading over $30,0000, pushing the price to an all-time high of $69,000.<\/p>\n

Although Bitcoin retested the $100k mark many times last week, market observers say that retail investors still need to invest heavily.<\/p>\n

Recent Price Dips Due To Macro Environment<\/strong><\/h2>\n

According to observations from QCP Capital, Bitcoin\u2019s successive price dips can be attributed to the existing macro environment. Plenty of factors now prevent Bitcoin from continuing its push towards $100k.<\/a><\/p>\n

According to the QCP Capital, Bitcoin is facing pressure from the possible release of economic data like FOMC minutes and the PCE report. Also, Bitcoin was overbought following a whirlwind price action after the US elections.<\/p>\n


\nNo Need To Worry?<\/p>\n

However, QCP Capital pointed out that it is not a cause for concern and that sentiment for digital assets remains bullish.<\/p>\n

Based on on-chain data, millions of USD were liquidated in the last 24 hours, and about $438 million in ETF outflows were recorded last November 25th.<\/p>\n

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2\/ No immediate catalysts: With U.S. holidays approaching and major economic data like tonight\u2019s FOMC minutes and tomorrow\u2019s PCE report, the market lacks momentum to push #BTC<\/a> toward $100K. #BTC<\/a> was extremely overbought post-election, making a cooldown inevitable.<\/p>\n

\u2014 QCP (@QCPgroup) November 26, 2024<\/a><\/p>\n<\/blockquote>\n

For the CryptoQuant CEO, market participation isn\u2019t slowing down. According to market indicators, trading is booming in all exchanges, markets, and tickets. Based on CryptoQuant\u2019s analysis, retail investors feel the \u201cFOMO\u201d on meme coins, particularly Dogecoin.<\/p>\n

Featured image from CNBC, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

From its peak of $99,531 on November 23rd, Bitcoin, the world\u2019s leading digital asset, is now trading at the $92k to $93k level, prompting many to speculate that its historic price run has ended. However, for CryptoQuant CEO Ki Young Ju, the alpha coin\u2019s current price action isn\u2019t a cause for concern. In a Twitter\/X […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3373","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3373"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3373\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}