Bitcoin Market Enters Extreme Greed Territory
- The Bitcoin Fear & Greed Index is currently at 78, indicating extreme greed.
- This index uses a scale from 0-100, with values above 75 representing extreme greed.
- Historically, extreme sentiment levels have coincided with major market tops and bottoms.
- Recent data shows significant Bitcoin withdrawals from Binance, totaling 2,190 BTC or about $237 million.
- Bitcoin’s current price is approximately $108,400, marking a rise of over 4% in the past week.
The Bitcoin Fear & Greed Index has reached a value of 78, signaling extreme greed. This sentiment shift is accompanied by large withdrawals from Binance totaling about $237 million in Bitcoin.
Source (2.6)https://www.newsbtc.com/bitcoin-news/bitcoin-extreme-greed-here-time-to-be-contrarian/?rand=52377
