Santiment: Bitcoin returns to "FOMO (Fear of Missing Out) zone" after breaking $70,000.
PANews reported on March 11th, citing Cointelegraph, that market intelligence platform Santiment stated that as Bitcoin rebounded above $70,000, social media sentiment has turned optimistic. US President Trump's comments about a possible swift end to the war with Iran boosted market sentiment and drove Bitcoin's rise. Santiment noted that discussions on platforms like X, Reddit, and Telegram show that people are encouraged by Trump's remarks, and oil prices have also reversed course.
Analysts point out that Bitcoin has demonstrated strong resilience amid geopolitical shocks. Institutions like Strategy bought nearly 18,000 Bitcoins last week and continued to buy this week, while Bitcoin has held steady above its February lows – all positive factors. Despite positive trends in social media discussion, the crypto fear and greed index remains at 15, in the "extreme fear" range. Google searches for "Bitcoin" have dropped from a peak of 100 on March 5th to 71. Analysts believe that FOMO (fear of missing out) often becomes self-fulfilling in the crypto market; a shift from fear to greed attracts new buyers and drives up prices.
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