CryptoQuant CEO says Bitcoin retail investors haven't entered FOMO mode yet

Ki Young Ju, founder and CEO of CryptoQuant , said that retail Bitcoin investors’ fear of missing out has not yet reached a certain level.

Yeongju holds the same view.

Bitcoin has fallen below $92,000, extending last week’s drop from nearly $100,000, with the CEO of CryptoQuant stressing that recent retail trading activity shows no signs of panic or excessive excitement.

As of November 25, the indicator remained neutral, a position it has held since April, when BTC was trading around $64,000. During the previous bull run, retail investors’ fear of missing out peaked in January 2021 when Bitcoin broke through $30,000, pushing the price to a record high of $69,000 during that cycle.

Bitcoin approached $100,000 last week, but analysts found that retail investors have not yet entered the market in large numbers.

Analysts at CryptoQuant said in a report early in the morning of Tuesday, November 26, that the downtrend from recent highs is likely to continue given the macro environment.

However, the drop is not “panic-worthy” and BTC remains bullish. This is despite millions of dollars in liquidations in the past 24 hours, with spot Bitcoin ETFs recording $438 million in outflows on November 25. MicroStrategy also purchased $5.4 billion worth of BTC.

The Bitcoin Fear and Greed Index also confirmed the bullish sentiment, with a reading of 77 indicating extreme greed as the price remains below $92,000.

Meanwhile, cryptocurrency analyst Ali Martinez cited a buy signal from the TD Sequential indicator, noting that Bitcoin could rise above $95,000.