"Bitcoin Euphoria" is a concept often mentioned during cryptocurrency market phases when the price of Bitcoin rises sharply, attracting significant interest from both professional investors and the public.

1. The phenomenon of "Euphoria" in financial markets

Definition: Euphoria in finance is a state where investors feel overly confident in the potential for price increases, leading to uncontrolled investment behavior. Bitcoin: When the price of Bitcoin spikes, new investors often join with expectations of quick profits, without fully understanding the risks.

2. Signs of Bitcoin Euphoria

Rapid price growth: The price of Bitcoin can double or triple in just a few weeks or months. Media coverage: Articles, YouTube videos, and social media are flooded with content about Bitcoin. FOMO (Fear of Missing Out)

3. Consequences of Bitcoin Euphoria

Increased volatility: The market becomes unstable, easily influenced by news or moves from large investors. The phenomenon of "bubbles": Without a solid foundation (such as real-world applications, adoption), prices can collapse when investors lose confidence. High risk potential: Many retail investors incur losses when prices suddenly reverse.

4. Notable cycles of Bitcoin Euphoria

2017-2018: The price of Bitcoin peaked near $20,000 at the end of 2017, then collapsed below $4,000 in 2018. 2020-2021: Bitcoin rose to over $60,000 in 2021, thanks to inflows from institutional investors and increased public interest. Present and future: Euphoria continues to be stimulated by major events such as Bitcoin ETFs, regulatory bills, or countries accepting Bitcoin.