Viewpoint: The current market's bullish sentiment is too much fear of missing out, and BTC may struggle to quickly reach new highs.

Santiment released data on social media stating that after a 22% pump in the price of BTC over 3 weeks, bullish sentiment has quickly replaced bearish sentiment, and traders are all expecting the price to reach $70,000 soon. If investors are waiting to see BTC hit a new all-time high, they may need to wait until people lower their expectations. Currently, the number of bullish views far exceeds the bearish views. However, historically, the market always develops in the opposite direction of crowd expectations.