Crypto
Bitcoin Plunges into Extreme Greed as Warning Signs Pile Up
Bitcoin has reached an extreme level of greed on the crypto fear and greed index, which hit 81 for the first time since December 17, 2024. This marks a significant shift from just a few weeks ago when the same gauge read 36, a clear sign of increasing optimism in the market.
The recent surge in Bitcoin price has been rapid, jumping by more than 22% over the last 7 days. However, some experts are warning that this level of greed may be a sign of a pullback to come.
CryptoQuant's Bull Score jumped to 80 from 30 in a week, with eight out of ten underlying signals now in the bullish camp. This has led some to speculate that the market is entering the early stages of a new bull market.