Bitcoin retail investors not in FOMO mode yet, CryptoQuant CEO says

According to Ki Young Ju, founder and CEO of CryptoQuant, Bitcoin retail investors have not yet reached the fear of missing levels.

Young Ju shared this perspective as Bitcoin (BTC) continued its decline from last week’s $100,000 to fall below $92,000. CryptoQuant CEO emphasized that recent retail trading behavior shows no signs of panic or overexcitement.

“Bitcoin retail investors are not yet in FOMO,” analyst X said. “This indicator is based on the increase in the number of transactions on all exchanges, stocks and markets (spot and futures).”

As of November 25, the indicator remained neutral, a position it has maintained since April when BTC was trading around $64,000. During the last bull market, retail FOMO peaked in January 2021, when Bitcoin surpassed $30,000, and during this cycle its price rose to an all-time high of $69,000.

Despite Bitcoin approaching $100,000 last week, analysts observe that retail investors have not yet entered the market in large numbers.

The slump from recent highs is likely to be prolonged given the macro environment, QCP Capital analysts said in a note published early Tuesday, Nov. 26.

“With US holidays approaching and key economic data like tonight’s FOMC minutes and tomorrow’s PCE report, the market lacks the momentum to push #BTC towards $100k. QCP wrote that BTC was overbought after the election, making the waiting period inevitable.

However, the declines are not “panic-worthy” and BTC continues its rise. This is despite the millions of dollars liquidated in the last 24 hours and the $438 million outflow of Bitcoin ETFs on November 25. MicroStrategy also purchased $5.4 billion worth of BTC.

Bitcoin Fear and Greed Index also supports the bullish trend; A value of 77 indicates extreme greed as the price is trending below $92,000.

Meanwhile, crypto analyst Ali Martinez noted a potential bounce to $95,000 or higher, citing a buy signal from the TD Sequential indicator.