According to data from Alternative.me’s Crypto Fear & Greed Index, the market sentiment is at greed. The index has hit 75 points, and every time the index reached a clear peak, Bitcoin corrected. The last time the index reached a local top was in February 2020, when it reached 65 points. A month after, the price of Bitcoin dropped to as low as $3,596 on BitMEX. Historical data shows that when the index hits a new high, BTC tends to pull back. But the way the market sentiment is measured is highly subjective. For instance, 30% of the index is composed of social media and surveys, which are non-quantifiable data. In a ... (full story)