Retail FOMO Goes Missing as Bitcoin Pushes Closer to Its Record
- Individual investors remain mostly on the market sidelines
- Kimchi premium turns negative, showing apathy in Korea
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There are signs that retail investors are still mostly on the sidelines when it comes to Bitcoin, even as institutional demand pushes the original cryptocurrency closer toward a record high.
This may indicate that the market force known as fear of missing out, or FOMO, has yet to set in among individual investors — despite the fact that Bitcoin is only about 9% below the all-time peak of $73,798.