Is there a rising signal as Bitcoin exceeds 94,000 dollars?

In recent days, the price of Bitcoin has surpassed the 94,000 dollar level again, while significant developments attracting the attention of investors are occurring in the cryptocurrency market. On-chain data points to the classic inverse relationship between crowd sentiment and price movements once again. As the market, led by Bitcoin and Ethereum, greets the new week with recovery signals, staying above this psychological barrier has turned investors' eyes towards the 100,000 dollar target.

This situation indicates that the fear of missing out (FOMO) among individual investors may be triggered once again. According to data provided by on-chain analysis platform Santiment, market sentiment and price movements often proceed in opposite directions. Santiment's charts measuring crowd sentiment show that periods when investors are extremely fearful or overly optimistic provide critical signals for prices.

According to the data, it has been observed that prices generally hit their bottoms during periods when the crowd is excessively fearful. During such periods, it has been noted that selling pressure ends, and prices give an upward response. On the other hand, excessive optimism among the crowd coincides with periods when prices may undergo corrections. Santiment emphasizes that investors can take more cautious steps by tracking crowd sentiment during such periods.

It appears that acting contrary to the crowd's expectations, especially during periods of excessive fear and greed, offers a healthier risk-return balance for investors. Given that Bitcoin is approaching a critical psychological threshold, paying attention to market sentiment is becoming increasingly important. Therefore, determining the price levels that investors should closely monitor is of great significance.