Breaking: Bitcoin FOMO surges to its highest level since 2024 as $BTC nears $87K

Breaking: Fear of missing out in Bitcoin has climbed to its highest level since 2024, as crypto sentiment swings sharply into celebration. Bullish chatter about Bitcoin and crypto going "higher" has surged well beyond bearish language while $BTC advanced toward $87,000, powered in part by a major short squeeze. The rally is being reinforced by forced buying. About $648 million in bearish crypto positions were liquidated over the past 24 hours, and total crypto trading volume rose 39%. That wave of liquidations helped accelerate prices and pulled in late entrants chasing momentum. With optimism becoming increasingly one-sided, risk management matters more. Even after shorts were cleared out, open interest still rose 7.6% to about $156 billion, indicating traders are rebuilding exposure with fresh leverage rather than stepping back. Crypto markets often punish crowded positioning. Extreme fear can show up near exhaustion lows, while synchronized confidence that prices are "higher from here" can emerge close to local peaks. The current sentiment spike doesn't ensure an immediate reversal, but the risk-reward looks less compelling than it did when the market was fearful last week. Live Dashboard: