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Bitcoin jumped back to $94.6K, and this move triggered a sharp rise in retail expectations as social data showed a rapid return of FOMO-driven behavior. Santiment recorded a surge in calls for “higher” and “above” across X, Reddit, Telegram, and other platforms. These messages fit within the firm’s social volume indicators, which separate commentary into two groups.
One group focuses on “lower” or “below,” which reflects fear. The other group centers on “higher” or “above,” which reflects greed and rising expectations. This shift appeared as Bitcoin formed a short-term price top.
Santiment’s chart shows moments when traders reacted with fear as Bitcoin fell. These fear spikes appeared on November 20–21, November 29–30, and December 5–6. After each spike, Bitcoin dropped and then bounced soon after. These reactions formed consistent turning points during late November and early December.
Greed spikes appeared during rallies. They showed up on November 24 - 25, December 1 - 4, and again after Bitcoin moved to $94.6K. Each spike came during a price jump. Soon after, the market flattened. These moments show how traders shifted quickly from concern to excitement during short price swings.
The chart also tracks Bitcoin’s price in USD. It includes social dominance as well. Both lines show how crowd noise grows near the tops and cools during declines. Traders used these patterns to watch emotional shifts during fast price movements. The key question remains: Can retail behavior predict short-lived tops before broader sentiment changes?
Market observers now focus on the Federal Reserve’s meeting on Wednesday. CME futures show an 88.6% probability of a 0.25% rate cut. Traders expect a supportive stance. Yet analysts watch for signals on future cuts because uncertainty can shift sentiment quickly.
BTSE chief operations officer Jeff Mei said Bitcoin’s jump is likely linked to expectations of a rate cut. He added that traders face uncertainty after the meeting. He said hesitation on future cuts could pressure prices. CME futures show a 21.6% probability of a second 0.25% cut in January. This signals mixed expectations among traders.
Mei said the Fed may avoid stronger easing to prevent inflation risks. He said the last rate cut brought similar concerns. He said prices dropped after that decision.
Another analyst, Sykodelic, said price action before the meeting is difficult to read. He said Wednesday may bring intense volatility.
Long-term trader NoLimit told followers that the rapid move to $94K looked unusual. He said the rise did not look organic. He said the pattern looked engineered. He said order books showed thin liquidity. He said large buys appeared within minutes. He said the move stalled with no continuation.
NoLimit said these conditions can create sudden excitement. He said large players can use such excitement to secure better selling prices. He said the pattern matched earlier cycles where brief spikes triggered retail buying interest.
Santiment’s chart aligns with these reactions. Greed spikes often appear before short-term tops. Fear spikes appear before rebounds. This pattern repeated throughout the chart’s timeline.
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Bitcoin’s rebound to $94.6K fueled strong trader greed as social metrics signaled rising FOMO and a potential local top. Analysts now watch the Fed meeting for direction as rate expectations shape market behavior. Traders may benefit from monitoring sentiment shifts during this volatile period.
