Bitcoin’s Bullish Momentum Sparks FOMO as Binance Traders Eye $115K Breakout

Bitcoin's recent surge has reignited bullish sentiment among traders, particularly on platforms like Binance, as the cryptocurrency tests key resistance levels. On July 2nd, Bitcoin closed at $109,792 after a 2.93% gain, marking its highest wick in 20 days. This upward movement has drawn significant retail interest, with on-chain data showing 25,812 new addresses interacting with the network—an 8.17% daily increase. The resurgence of FOMO (Fear of Missing Out) is evident as opportunistic shorts position themselves near critical supply zones. Market dynamics suggest a potential breakout towards $115K, mirroring previous resistance tests. As Bitcoin firms up its stance, Binance traders are closely monitoring the next moves in this volatile yet promising market.

Bitcoin Eyes $115K as FOMO Resurges Amid Key Resistance Test

Bitcoin's 2.93% surge on July 2nd, closing at $109,792, marked its highest wick in 20 days, reigniting bullish sentiment. On-chain data revealed 25,812 new addresses interacting with the network—an 8.17% daily jump—signaling renewed retail interest. The MOVE triggered a classic FOMO pattern, with opportunistic shorts circling as BTC approaches a critical supply zone.

Market dynamics mirror prior resistance tests. Bitcoin's first rejection at $110,350 led to a 10.8% correction, but now 67% of Binance accounts remain short. Elevated Open Interest at $78 billion suggests brewing volatility. A decisive breakout could ignite a short squeeze, potentially propelling BTC toward the $115K liquidation zone.

Nano Labs Accelerates BNB Accumulation with $50M Purchase, Targets $1B Reserve

Nano Labs Ltd, a Hong Kong-listed Web3 infrastructure firm, has strategically acquired 74,315 Binance Coin (BNB) tokens in a $50 million over-the-counter transaction. The purchase at $672.45 per token elevates the company's combined Bitcoin and BNB holdings to $160 million, marking a significant step toward its ambitious $1 billion accumulation target.

The company plans to control 5-10% of BNB's circulating supply through convertible notes and private placements, following a recent $500 million fundraising round. Nano Labs' aggressive positioning makes it the first publicly traded entity to systematically stockpile Binance's native token, signaling institutional confidence in BNB's long-term utility and network security.