Bitcoin FOMO surges to multi-year high

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While Bitcoin (BTC) price surged to its highest level since January 29, 2026, at $87,395 on September 21, its FOMO (fear of missing out) rocketed to a multi-year peak on Monday.

Bitcoin’s FOMO spiked to the highest bullish sentiment since December 2024, according to metrics from Santiment that Finbold analyzed on September 22.

Bitcoin FOMO per day. Source: Santiment 

As Bitcoin’s FOMO climbed to the highest level in nearly 22 months, its bullish momentum was bolstered by renewed demand in its spot and derivatives markets. 

At the time of writing, a total of $370 million had been liquidated over the past 24 hours, with $297.20 million involving short trades, based on updates from CoinGlass. Consequently, BTC’s FOMO coincided with a Short squeeze, a sharp upward price surge driven by short sellers being forced to cover their positions.

Bitcoin’s Open Interest, the total number of outstanding derivative contracts, gained 4% in the past 24 hours, hovering at $61.56 billion at press time, as per data from CoinGlass. 

Meanwhile, the flagship coin experienced heightened bullish sentiment led by significant demand from the United States spot BTC exchange-traded funds (ETFs). On Monday, the U.S. spot BTC ETFs recorded a net cash inflow of $998.95 million, their biggest daily gain so far in 2026, based on analysis from SoSoValue.

Bitcoin price performance amid an escalating FOMO

As Bitcoin FOMO rose to a multi-year peak, BTC rallied to a six-month high. At the time of publication, BTC price had surged 25.15% over the past six months, trading at $86,010. 

BTC/USD chart for 6 months. Source: Finbold

Over the last 24 hours, its trading volume increased by 54% to approximately $52 billion, as per CoinMarketCap’s report.

As a result, if Bitcoin’s FOMO continues to accelerate amid bullish spot and derivatives markets, the uptrend could strengthen.

Featured image via Shutterstock

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