Bitcoin has reached $89,053, recording a growth of 3.2% in the last 24 hours, according to the latest data. The leading cryptocurrency continues to show signs of strength, accumulating gains of 26.9% in the last week and a surprising 139.4% in the last year. However, despite these impressive rises and more than 800,000 mentions on Twitter, it has not yet generated the usual frenzy on social media, nor has it reached a massive trend.
What's happening?
The lack of trend on social media could indicate that the 'big entry' of retail capital has not yet begun. Normally, in previous peaks of Bitcoin, sentiment on social media surged well before the price reached new all-time highs. This leaves us wondering: Is the general public waiting for an even higher price? Or is there caution in the market due to macroeconomic factors?
Signs That the 'Fever' for Bitcoin Has Not Yet Started
1. Trading Volume: Although the price is rising, trading volume has not reached the levels we saw in previous bull run cycles. This could be a sign that there is still room for new buyers to enter the market, especially in the retail sector.
2. Institutional Interest: With the possible entry of spot Bitcoin ETFs, an influx of institutional capital is expected that has not yet fully materialized. This interest could trigger a second phase of euphoria and attract retail investors who are waiting for a clear boost.
3. Anticipation on Social Media: Despite massive mentions, the lack of trends on Twitter indicates that the narrative has not yet captured the attention of the masses. Experience tells us that, in previous peaks, social media was flooded with headlines and heated debates, which has not yet happened.
What Does This Mean for Investors?
With Bitcoin consolidating around $89,000, and without a frenzy of selling or impulsive buying, the market remains stable. This could be a crucial moment for strategic investors looking for an entry before a possible next rally. The absence of extreme hype suggests that there is still room for the price to rise before reaching a peak.
Conclusion:
The combination of institutional interest, increasing mentions, and the lack of a viral trend on social media could mean that we have not yet seen the peak of this cycle. Those who remember previous bull runs know that the true peak often comes when enthusiasm reaches the mass public. So, although the current price of Bitcoin is high, it may not yet be the end of the ascent. Are you ready for what's coming?
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Pablo Dávila S.
Follow me on Twitter (X) @TiteWare
