Emotionally, I feel it's very similar to February 2024, when everyone thought ETFs weren't that impressive. After they were approved, $BTC even experienced a pullback. At that time, everyone was looking forward to BTC starting with a 2, but when it rose, many young investors felt it was just a fleeting moment, so they missed out.

This time, there are multiple reasons. First, the tariff issue received a 90-day reprieve, moving from the 7 range back to the 9 range. Then, GDP analysis stabilized above 9. Next, two states in the U.S. have already passed Bitcoin as a strategic reserve, which fueled FOMO sentiment, and with the U.S.-UK negotiations reaching an agreement, it directly surged to 10.

Once it hit 10, the intensity of FOMO increased. This is quite similar to February when more investors were in the 6 range, and missing out on 5 had a significant overlap.

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