⚠ Santiment: The crowd fell into maximum optimism about Bitcoin since 2024
Against the backdrop of BTC growth, bullish sentiment has sharply intensified and has significantly outpaced bearish sentiment.
• Open interest (the volume of outstanding futures contracts) grew by 7.6% to about $156 billion, even despite mass short liquidations: it means traders are not cooling off—they’re entering new positions with leverage
• A similar FOMO wave on August 19-20 temporarily halted the rally, and on September 21 there was the biggest surge in bullish sentiment since December 2024
The crypto market usually punishes the crowd’s synchronized confidence: both excessive fear and excessive optimism most often appear right before a reversal.
Against the backdrop of BTC growth, bullish sentiment has sharply intensified and has significantly outpaced bearish sentiment.
• Open interest (the volume of outstanding futures contracts) grew by 7.6% to about $156 billion, even despite mass short liquidations: it means traders are not cooling off—they’re entering new positions with leverage
• A similar FOMO wave on August 19-20 temporarily halted the rally, and on September 21 there was the biggest surge in bullish sentiment since December 2024
The crypto market usually punishes the crowd’s synchronized confidence: both excessive fear and excessive optimism most often appear right before a reversal.
