Bitcoin's breakthrough of $87,000 triggered a short squeeze and FOMO sentiment

Bitcoin's breakthrough of $87,000 triggered a short squeeze and FOMO sentiment. Analysts Van de Poppe and VanEck pointed out that the current cycle may be in the early stages, with institutional funds continuing to flow in. The market is paying attention to whether the weekly closing price on September 27 can stabilize at $88,000.
According to Woofun AI news, the cryptocurrency market rebound is mainly driven by Bitcoin’s FOMO (fear of missing out) sentiment. Analyst Michaël van de Poppe pointed out on the X platform that despite the surge in prices, the actual trend may still be at an earlier stage than most traders realize.
Analogies between price breakouts and historical cycles reveal dramatic reversals in market psychology. On Monday, September 21, the price of Bitcoin strongly exceeded the $87,000 mark. After this key point was conquered, on-chain analysis agency Santiment monitored that the number of bullish comments on Bitcoin surged to the highest level since December 2024.