Just a week since the start of September, BTC has already rallied to a near four-month high, surpassing the $82.2k level. Despite the pullback toward $78k, the market still seems to be pricing in further upside.

According to the Crypto Fear & Greed Index, greed is still dominating sentiment, with the index at 69. This means that there is a strong risk appetite even as Bitcoin trades near $80k. But with sentiment this bullish, could greed itself become a bearish catalyst?

Based on the chart above, the Crypto Fear & Greed Index has dropped from the peak of 74, which was observed on the 4th of September. So, while greed still dominates sentiment, it can be expected that the risk appetite is starting to cool…