#Stripe稳定币账户 **The Market Game After Bitcoin Stabilizes at 100,000: FOMO Sentiment Coexists with Risks**

As Bitcoin rises above 100,000 again, the market FOMO sentiment has noticeably intensified. Data from the derivatives market shows that the perpetual contract funding rate has surged to 0.15% per day, reaching a three-month high, indicating a strong enthusiasm for leveraged long positions. At the same time, the BTC reserves on exchanges have dropped to the lowest level since 2018, with only 1.8 million coins remaining, and liquidity tightening may exacerbate price volatility.

It is worth noting that during this round of increases, retail participation is significantly lower than in the 2021 cycle, with a clear dominance of institutional investors. A report from JPMorgan indicates that over 60% of Bitcoin spot trading volume comes from institutional investors. Technically, the 100-day moving average has risen to 92,000 USD, forming strong support. The market is focused on the next key resistance level at 102,500 USD; a breakout could open up a new round of upward space.