Santiment Warning to Bitcoin Investors: Everyone is Expecting a Rise, Attention!

On-chain analysis platform Santiment warned Bitcoin (BTC) investors.

In his post dated July 15, Santiment sent a clear warning message to the cryptocurrency market.

Stating that the cryptocurrency market experienced a serious recovery after the unsuccessful assassination attempt against Donald Trump and made almost no correction, the Santiment front said that FOMO was in effect.

Beware of FOMO in Bitcoin

The chart revealed the use of keywords related to buying (buy, buying, bought, bottom, bottomed, bullish) and selling (sell, selling, sold, top, topped, bearish) on social media platforms.

Based on this chart, analysts pointed out a significant increase in the ratio of buy calls to sell calls. At this point, it was emphasized that cryptocurrency supporter Trump has a great influence.

It was stated that in an environment where everyone expects a rise, it is necessary to be careful against possible declines:

 FOMO made a comeback with Bitcoin at $63.3K. Bitcoin began its full recovery following Trump's botched assassination on Saturday and hasn't slowed down since. Caution is advised when the crowd collectively becomes this bullish without much sign of fear.

According to CoinGecko data, Bitcoin, which has increased by 2% in the last 24 hours, is traded at $ 64,000 at the time of writing.