Crypto sentiment has flipped remarkably quickly. The Crypto Fear and Greed Index has jumped to 72, firmly inside “Greed,” as Bitcoin trades around $80,000 after breaking out of a six-week range. Just one week ago, the same index stood at 29, signaling fear.
The reversal reflects the strength of Bitcoin’s rally. BTC▲$62,630.00 has gained roughly 20% in ten days, reclaimed $70,000 for the first time since June, and triggered billions of dollars in liquidations among traders betting against the market.
Related: What Is Crypto Market Sentiment? Beginner to Advanced Investor Guide
But greed can mean two very different things. It may signal that investors are finally returning after months of…
