SEC Posted Warning To Crypto Investors: “Say No To FOMO”
It seems that the SEC cannot sleep at night due to their concern about crypto investors. Check out the latest message that they sent regarding FOMO. Say no to FOMO Check out the following tweet: JUST IN: SEC posts warnin...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
It seems that the SEC cannot sleep at night due to their concern about crypto investors. Check out the latest message that they sent regarding FOMO.
Say no to FOMOCheck out the following tweet:
JUST IN: SEC posts warning to investors to say no to “FOMO” about “digital assets”
Gearing up for spot #Bitcoin ETF approval? pic.twitter.com/lDMDdqV99Z
— Bitcoin Magazine (@BitcoinMagazine) January 6, 2024
Someone said: “Translation: wait until #Bitcoin gets to $500k or $1 million then its safe to start buying.”
A follower said: “the rapid influx of funds that have previously been hesitant or too scared to invest in Bitcoin (and crypto by proxy) will be huge for introducing Bitcoin as a store of value within the global economy.”
Another follower said: “The SEC sounding the FOMO alarm – it’s like a financial wake-up call How are you interpreting this SEC message in the context of the potential Bitcoin ETF approval?”
Bitcoin in the marketThere is a popular Bitcoin analyst named Credible Crypto who has gained a following with his accurate predictions about Bitcoin.
According to him, Bitcoin is displaying signs of an upcoming rally on both spot and futures markets.
This optimism is due to the expected approval of several BTC ETF applications by the U.S. Securities and Exchange Commission (SEC). The news of the potential approval is causing the market to wait anxiously in anticipation.
“No change on BTC and it doesn’t get any cleaner than this. Ignore the low time frame chop on the sub-daily timeframes right now and zoom out just a bit. The picture is clear:
1. Price making higher lows and higher highs in a tight consolidation with
2. Open interest at the lowest levels of the entire consolidation and
3. [Perpetual futures] basis flipping negative to indicate spot trading at a premium while
4. Funding has been completely reset.
All this to say that we are literally as un-frothy as possible with levered players washed out, funding at baseline, and spot leading the markets into what is arguably the most bullish fundamental catalyst over the last few years.
Don’t overcomplicate it – number go up. BTC.”
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
Fidelity Seeks SEC Approval to Add Staking to Ethereum ETF
Key Takeaways: Fidelity has applied to the SEC to enable it to stake an unlimited percentage of its eligible Ether under normal co...
Bitcoin’s ETF rebound just lost 38% of its gains in four sessions as BTC fell below $63,000
Morgan Stanley’s Bitcoin Trust and Grayscale’s Bitcoin Mini Trust ETF were the only US spot Bitcoin funds to attract capital on Au...
With violent crypto home invasions surging, a data breach exposing over 10,000 Trezor owners puts physical safety on the line
On Aug. 13, Trezor said a breach at the fulfillment provider ShipMonk exposed customer data for about 13,689 hardware wallet buyer...
Machi Big Brother sells 3 Bored Apes to cut his Ethereum long in 52%, but liquidation moved to just $22 away
Three Bored Ape sales at steep losses accompanied a month-long contraction in the leveraged Ethereum account that Lookonchain publ...
A Bitcoin treasury with $67 million in BTC has just $5,397 in cash and needs money immediately
Bitcoin treasury holder CIMG Inc. said in its Aug. 13 quarterly filing that it needs to raise capital immediately, even though it...
Norway’s sovereign fund reaches record 11,549 BTC exposure without buying more Bitcoin
Norway’s sovereign wealth fund ended the first half of 2026 with record indirect Bitcoin exposure and a newly disclosed stake in t...