120,000 of #BTC☀ still no one is paying attention??🤯💥
Bitcoin has been consolidating since reaching 120,000, while Ethereum is catching up and is about to reach its previous high.
For holders in the market, the sentiment is very strong, but upon reviewing market data, it turns out that people are still indifferent to this.
Interestingly, despite Bitcoin continuously hitting new highs, social sentiment is surprisingly low, even lower than during the bear market of 2022.
Although Bitcoin has set a historical high, people are not interested in it. I think the reasons could be twofold👇👇
✅ For those who already hold it, Bitcoin hitting new highs is not surprising at all. This group is likely long-term investors and will not consider short-term selling, as they hold their positions based on faith.
✅ Many people hold cryptocurrencies but do not hold Bitcoin. Naturally, those who do not hold Bitcoin will not pay attention to it. A considerable number of these people are stuck with altcoins, and many are still waiting to break even after the peak in December 2024.
From this data, it can be seen that the peak of this bull market cycle is far from over. Zizi believes that the current phase resembles the appetizer stage before the feast. Once most mainstream altcoins return to historical highs, I believe they will come back. The upward trend of this cycle has little time left, so let’s cherish it as we go along.
