Bitcoin’s New High: A Tale of Scarcity and FOMO 🚀💰

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The world’s largest cryptocurrency, with the grace of a diva, surged more than 6% in under 24 hours, setting a new all-time high at $118,403 before modestly retreating. Oh, the drama!

This explosive movement, as theatrical as a Victorian melodrama, sparked reactions across the crypto world, particularly among Bitcoin’s most vocal supporters. Many are pointing to mounting demand and dwindling supply as the real story behind the surge. How delightfully predictable.

Some investors now find themselves on the wrong side of the trade, with prominent figures in the space suggesting that those who sold during previous dips may soon regret it. For Bitcoin advocates, this is not just another rally—it’s a glimpse into what they believe is a larger structural trend driven by institutional accumulation. A trend, one might add, that is as inevitable as a bad review of a mediocre play.

Bitcoin evangelist Samson Mow highlighted that the asset is quickly becoming scarce, warning that current prices under $200,000 might soon be a thing of the past. Mow pointed to increasing purchases from ETFs, corporate treasuries, and long-term holders as reasons why supply is tightening faster than many expected. As if the world needed another reason to panic.

The recent price action has also reignited talk about Mow’s concept of the “Omega candle”—a powerful candlestick move that signals major momentum. While the recent spike may not match past parabolic bursts in scale, it reinforces the growing sense that Bitcoin is entering a new phase of aggressive price discovery. A phase, one might say, as thrilling as a midnight rendezvous in a foggy London alley.

Mow’s long-standing view that Bitcoin could reach $1 million is being echoed with renewed confidence among maximalists, especially as the market shrugs off resistance levels once considered unreachable. It’s as if the market has decided to laugh in the face of conventional wisdom, much like a well-dressed dandy at a charity ball.

With institutional demand accelerating and retail investors scrambling to keep up, some now wonder whether Bitcoin’s next leg could come sooner than expected. As prices climb, so too does the urgency: for those watching from the sidelines, the opportunity to buy in below six figures may be closing faster than anticipated. A true race against time, wouldn’t you say? 🏃‍♂️💨

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2025-07-11 18:10