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FOMO, or Fear of Missing Out, is a common sentiment in the crypto world. Investors often get caught up in the hype, fearing they'll miss out on profits. Dan Dolev warns that Bitcoin's surge is driven by FOMO and could unravel. Understanding FOMO is crucial for crypto investors to make informed decisions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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