$BTC

Recently, I can always see videos like Bitcoin breaking new highs on Douyin

As Bitcoin hits a new all-time high, social media is quickly flooded with "$100,000" price predictions

Social media often acts as a barometer of Bitcoin's price movements. Historically, when certain social media platforms appear on a large scale, it indicates that retail investors are getting involved.  

The recent excitement around Bitcoin's all-time highs has created an atmosphere of "FOMO" (fear of missing out), and retail traders feel pressured to buy in quickly.

Old investors tend to be cautious about this market enthusiasm, because intense social media hype can sometimes indicate an impending price correction.