Bitcoin Trades Around $86K as FOMO Hits Highest Level Since 2024

Bitcoin ($BTC) surged 6.42% in the day and 10.42% in the last month to exchange hands at $86,447. Short liquidations have mounted to $556 million in the day as the asset maintained positive momentum above the influential $80,000 mark.

Bitcoin FOMO attains two-year high

Crypto analytics platform Santiment now points out that Bitcoin’s FOMO (fear of missing out) has hit levels last seen in December 2024. That month saw a $BTC high of $108,000, with subsequent months leading to the October 2025 historic peak of $126,000.

Source: Santiment

Even more, Bitcoin’s combined trading volume recently spiked by 39%. And despite the massive shorts experienced, open interest still rose 9.38% in the past 24 hours to reach $61.33 billion.

Other than FOMO, corporations also stepped in on Bitcoin buys, with Strategy recently acquiring 950 $BTC. ETF net flows also turned positive, reading $317.10 million as of September 21.

Also cushioning the rally were the falling bond yields and cooking oil prices as market sentiment shifted to cautious optimism.

Analyst and community reaction

With the rise, seasoned analyst Ben Cowen took to X to overturn his bearish sentiment. Strategy Executive Chairman Saylor and analyst Michale van de Poppe welcomed him to the other side, reminding him that analyses are occasionally fallible and require regular review.