FOMO launches its highest level since January at the price of Bitcoin (BTC)

After months and months of hesitation and price depression, Bitcoin has finally reversed the trend, soaring $100,000 for the first time since February and continuing to climb to new local peaks.

Meanwhile, data from Santiment suggests that the asset’s impressive rally has attracted the attention of retail investors and created nearly 350,000 new wallets on the world’s largest blockchain network.

When Fomo poured in, Bitcoin’s network created 344,620 new wallets on its network. Crypto’s top market cap assets have been silent, reaching $1.038 million for the first time since January. pic.twitter.com/hai245lqjz

– santiment(@santimentFeed) May 9, 2025

The number of active addresses corresponds to changes in the price of the basic assets to a certain extent. Recall that Bitcoin’s blockchain saw a massive Exodus in February, with little action taken. The price of BTC is in a months-long echo, reaching a climax of under $75,000 in early April.

However, after the five-month low, the landscape began to change and network activity began. The indicator hit a six-month high last week, which coincides with an impressive price increase that put BTC North up $20,000.

As assets briefly exceeded $104,000 earlier today, the growth since the April low was about $30,000. According to Santiment, the number of active addresses is also rising.

Other reports on the matter also show that retail investors ended up entering the BTC landscape. In the past, this situation led to explosive market gatherings and the end of the bull cycle. Bitcoin usually peaks a few months after retail is added.

For now though, let’s enjoy the rally, over $100,000, and offer some price forecasts and provide more information on why this time may be different. Furthermore, BTC has passed the second important resistance mentioned in this article, which does mean things may be different.