Bitcoin's price surge has sparked a wave of FOMO, with many traders piling into the market. But before you jump in, consider this: institutional investors are buying the dip, and on-chain data suggests a strong correlation between Bitcoin's price and US dollar's weakness. Is this a buying opportunity or a trap?

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Institutional buying and dollar weakness could be a strong foundation for Bitcoin's price surge. However, on-chain data should be monitored for signs of speculative FOMO, which can lead to a reversal.