#BTC
Bitcoin FOMO Returns as Analyst Says the Current Cycle May Be Far From Over
Bitcoin cleared the $87,300 mark on September 21, 2026, marking its highest price level since January of the same year.
The derivatives market recorded $648 million in short position liquidations within a 24-hour window.
Aggregate cryptocurrency market open interest expanded by 7.6% to reach $156 billion during the same session.
The ongoing rally across the crypto market is defined by Bitcoin FOMO, which has once again taken center stage in market discussions as the pioneer cryptocurrency’s price broke above $87,000 this past Monday, September 21.
This vertical move triggered a wave of forced buying and short-covering across major exchanges. On-chain analytics firm Santiment reported that the volume of bullish commentary reached its highest level since December 2024. According to market analysis, this shift in trader psychology directly contrasts with the capitulation sentiment observed when the asset was trading near $60,000 in late June 2026.
Despite retail euphoria, market analyst Michaël van de Poppe posted on his X account that price action might be at an earlier stage than the broader trading crowd perceives. According to Van de Poppe’s projections, the current technical structure shares similarities with the $22,000 level of the previous cycle, prior to the realization of the broader leg up.
The analyst noted that during the 2018–2021 cycle, the currency’s value advanced from a $3,000 floor to a peak of $69,000. Furthermore, data cited in his historical comparison points out that in the subsequent run, the asset transitioned from $16,000 to $125,000. Based on this historical path, Van de Poppe argued that the potential upside margin remains significant both for the market leader and the altcoin segment.#Write2Earn $BTC
Bitcoin FOMO Returns as Analyst Says the Current Cycle May Be Far From Over
Bitcoin cleared the $87,300 mark on September 21, 2026, marking its highest price level since January of the same year.
The derivatives market recorded $648 million in short position liquidations within a 24-hour window.
Aggregate cryptocurrency market open interest expanded by 7.6% to reach $156 billion during the same session.
The ongoing rally across the crypto market is defined by Bitcoin FOMO, which has once again taken center stage in market discussions as the pioneer cryptocurrency’s price broke above $87,000 this past Monday, September 21.
This vertical move triggered a wave of forced buying and short-covering across major exchanges. On-chain analytics firm Santiment reported that the volume of bullish commentary reached its highest level since December 2024. According to market analysis, this shift in trader psychology directly contrasts with the capitulation sentiment observed when the asset was trading near $60,000 in late June 2026.
Despite retail euphoria, market analyst Michaël van de Poppe posted on his X account that price action might be at an earlier stage than the broader trading crowd perceives. According to Van de Poppe’s projections, the current technical structure shares similarities with the $22,000 level of the previous cycle, prior to the realization of the broader leg up.
The analyst noted that during the 2018–2021 cycle, the currency’s value advanced from a $3,000 floor to a peak of $69,000. Furthermore, data cited in his historical comparison points out that in the subsequent run, the asset transitioned from $16,000 to $125,000. Based on this historical path, Van de Poppe argued that the potential upside margin remains significant both for the market leader and the altcoin segment.#Write2Earn $BTC
