Crypto greed is hitting a 7-month high, showcasing market resilience to bearish pressure and a potential short-squeeze underway.
holders in profit, market sentiment teeters between greed and fear. As BTC breaks records with a new ATH of $81K, the crypto greed index has reached a 7-month high.
Now, with the crypto greed index reaching a 7-month high and reflecting a similar market sentiment, the question arises : Does this signal that BTC is due for a correction, especially with 100% of holders currently in profit?With BTC jumping over 2% from the previous day’s close, despite entering a high-risk phase, it’s clear that investors are optimistic about Bitcoin’s long-term potential.
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