Bitunix Analyst: Jones Warns of "Explosive" Bull Run, Retail Investor FOMO Risk Increases

According to BlockBeats news, on October 7, legendary investor Paul Tudor Jones recently pointed out that the combination of the Fed restarting its easing policy and a massive fiscal deficit could lead to an even more intense rise in the US stock market than in 1999. He expects that the short-term market will maintain strong momentum, but warns that the market is entering a high-risk phase at the end of a bull run. From a macro perspective, the resonance of easing policies and fiscal deficits means abundant liquidity, and risk assets are once again becoming a safe haven for capital. The valuations of AI and tech stocks continue to rise, driving capital outflow to anti-inflation assets such as Bitcoin and gold. However, the speculative atmosphere similar to that of 1999 also places the market in a stage of 'prosperity and anxiety coexist,' with volatility and valuation expansion appearing simultaneously. In the crypto market, BTC liquidation prices are mainly concentrated in the $107k-$108k and $121k range, with the current price around $124k. The short-term support is seen at $112,000, with secondary support around $100,000; the upper liquidation hotspot and pressure zone are around $126,000. If retail investors' FOMO sentiment intensifies, BTC may quickly test the upper pressure zone, but the risk of liquidation waves will also increase simultaneously, with short-term volatility expected to significantly enhance. Bitunix analysts' view: The core logic of this bull run has shifted from 'fundamentals-driven' to 'liquidity and sentiment-driven,' with the market's faith in AI and easing policies driving prices to overshoot. The key question for investors to consider is not 'whether to participate,' but 'when the risks begin to outweigh the rewards.' The climax of this speculative feast is often a precursor to a structural market turning point. BTC should focus on the $126,000 liquidation pressure and the $100,000 support level, while also ensuring risk management.