The FOMO (Fear Of Missing Out) phenomenon appears to be returning to the Bitcoin market, as new investors increase their positions . According to new research from onchain analytics firm Glassnode, Bitcoin first-timers have upped their BTC exposure by more than 2% in July, buying 140,000 BTC in two weeks .
Glassnode's figures suggest that fresh capital is entering the market, supporting the latest price breakout . Specifically, buyers have stepped in aggressively to buy dips, specifically below $118,000 . Despite the increase in interest, mainstream interest in Bitcoin is still historically low .
The rise in Bitcoin's price above $123,000 has sparked frenzied investor behavior across newer and older cohorts . Short-term holders — those buying within the past six months — now have an aggregate cost basis above $100,000 for the first time .
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a cautionary message to Bitcoin investors, warning of a possible “FOMO disease” as the leading cryptocurrency trades at new highs . Kiyosaki revealed that he recently bought more Bitcoin at $110,000, positioning himself for what he calls the “Banana Zone,” a phase of rapid price surges that typically attracts emotional, late-stage investors .
While the crypto market is emotional, the Fear & Greed Index try to save you from your own emotional overreactions . Extreme fear can be a sign that investors are too worried which could be a buying opportunity . When Investors are getting too greedy, that means the market is due for a correction .