On-chain analytics firm Santiment has noted a significant increase in FOMO (fear of missing out) among smaller Bitcoin traders following the cryptocurrency’s recent price rally.
In an April 25 update on X, Santiment observed that such crowd behaviour is commonly seen near local market peaks. While the firm acknowledged the potential for Bitcoin to reach $100,000, it cautioned that such milestones typically won’t materialize until the market hype represented by a surge of rocket emojis subsides.
📊 Following Bitcoin’s surge above $94.2K Wednesday, @santimentfeed data showed that FOMO began pouring in from retail traders. This crowd reaction typically leads to tops. $100K could very likely arrive in the near future, but it typically won’t happen til the 🚀 emojis calm. https://t.co/KPiUTkyCWw
— Santiment (@santimentfeed) April 25, 2025
In contrast, large Bitcoin holders have remained active in accumulating the cryptocurrency. On the same day, Santiment reported that wallets between 10 and 10,000 BTC added over 19,255 BTC quickly. Since March 22, these influential investors have amassed more than 50,000 BTC, holding over 67% of the total supply, signalling their confidence in Bitcoin’s long-term value.
🐳 Bitcoin’s value has jumped +11.2%, and this has once again coincided with key whales & sharks adding on to their already enormous bags. Wallets holding 10-10K $BTC have added 19,255 more coins in this short stretch, and continue to be one of crypto’s most powerful indicators. pic.twitter.com/b3TiVd71iD
— Santiment (@santimentfeed) April 25, 2025
Meanwhile, CryptoQuant’s analysis on April 25 pointed to positive on-chain trends for Bitcoin. The firm highlighted that the 100-day moving average of Bitcoin net flows to exchanges has dropped to its lowest level since February 2023, marking the largest Bitcoin outflow in over two years. This suggests that many investors are moving their assets into self-custody or cold storage, signalling a shift toward long-term holding strategies.
The highest Bitcoin outflow from exchanges since February 2023
“A review of historical patterns suggests that this could imply re-accumulation of assets by investors.” – By @CryptoOnchain
Read more ⤵️https://t.co/YP85SFVlVJ pic.twitter.com/uEOT0czYZH
— CryptoQuant.com (@cryptoquant_com) April 24, 2025
In one of the most bullish Bitcoin price forecasts, ARK Invest’s report from April 24 projected that Bitcoin could soar to anywhere between $300K and $2.4M by 2030, depending on different adoption scenarios.
Moreover, U.S. spot Bitcoin ETFs experienced a substantial surge in investor demand on April 21, registering their largest single-day inflows in three months. This rally was fueled by a broader shift toward riskier assets following President Donald Trump’s public criticism of Federal Reserve Chair Jerome Powell. According to data from SoSoValue, the 12 Bitcoin ETFs collectively attracted $381.4 million in net inflows, a staggering 250% increase from the previous day.
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