Yeliz Akmaca 
Bitcoin has once again climbed above the $70,000 level, signaling a notable shift in market sentiment. Social media chatter about Bitcoin has turned optimistic, indicating that investors may be entering “FOMO” (fear of missing out) mode again.
Data from crypto analytics platform Santiment shows that positive discussions across X, Reddit, and Telegram surged after a decline at the start of the week.
This shift is not driven by price action alone—geopolitical developments have played a role as well.
US President Donald Trump stated on Monday that the war with Iran is “almost complete,” temporarily shifting global risk sentiment and contributing to a pullback in oil prices. However, he also warned on Truth Social that if Iran disrupted oil supply, the US would increase military pressure.
Markets often respond more to expectations than to certainty. According to Santiment:
“During periods of uncertainty, investors seek alternative assets. Crypto markets, operating 24/7 globally, often react quickly to such developments.”
Bitcoin Resilience Under Scrutiny
Ryan McMillin, Chief Investment Officer at Australian crypto investment firm Merkle Tree Capital, notes that Bitcoin’s recent strength amid geopolitical risks has bolstered investor confidence.
McMillin highlights several simultaneous positive factors:
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Bitcoin’s resilience to geopolitical shocks
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Continued corporate purchases
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Easing inflation pressures
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Progress toward crypto regulation in the US
He also points out that short positions may be vulnerable:
McMillin believes that particularly for short positions, the market is entering a risky period. A potential short squeeze could push Bitcoin toward the $80,000 range.
Reclaiming $70K Triggers FOMO
According to crypto exchange BTC Markets analyst Rachael Lucas, $70,000 is not just a technical level but also a psychological threshold. Its recovery across social media and trading alerts fuels the fear of missing out.
Lucas emphasizes that multiple factors converging—expectations of easing Iran tensions, sharp oil pullbacks, and progress on stablecoin regulation—have softened macro headwinds and accelerated social sentiment shifts.
Mixed Signals Remain
Despite the optimism on social media, some metrics remain cautious.
The Crypto Fear & Greed Index currently sits at 15, signaling “extreme fear.” Google Trends also shows that Bitcoin-related searches have cooled from their March 5 peak of 100 to around 71.
In other words, attention is growing, but it has not yet reached a peak.
FOMO Cycle in Motion?
FOMO often becomes a self-reinforcing cycle in crypto. Price gains attract social media chatter, new buyers enter, and trading volume rises, fueling further upward movement.
McMillin notes that after five months of declines, Bitcoin had become heavily oversold. The extended correction since the October all-time high of $126,000 set the stage for at least a short-term relief rally.
Lucas adds that on-chain data now shows a healthier picture compared to previous FOMO cycles. Funding rates have reset constructively, and ETF flows are steady, meaning the market is not solely driven by high-leverage retail trades.
Risks Persist
Still, the market is far from risk-free. Geopolitical tensions in the Middle East remain unresolved, and any rebound in oil prices could quickly shift crypto sentiment from FOMO back to FUD.
Bitcoin is currently holding above $70,000, with the market waiting for the next major catalyst.
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