Crypto market sentiment has turned to greed, with investors showing a bullish attitude, CryptoPotato reported. According to crypto data source Alternative.me, the Fear and Greed Index is currently at 71/100, indicating that Bitcoin (BTC) investors are in a greedy period. This is because the leading digital asset has broken through the $45,000 resistance level, and expectations around potential spot Bitcoin exchange-traded funds (ETFs) continue to increase. BTC has risen more than 7% in the past 24 hours, reaching its highest level since April 2022. The rally has brought the asset just 34% away from its all-time high of $69,000 set in November 2021. The market capitalization of the entire crypto market has also risen to its highest level since May 2022 at $1.82 trillion, down 40% from its all-time high of $3 trillion. As Bitcoin traded above $45,000, the number of traders who saw more than $140 million in liquidations also exceeded 45,000. CryptoPotato reported that about $110 million of liquidations came from short positions, with the largest liquidation order worth $10.16 million. The recent rally can be attributed to the excitement over the dozen pending spot Bitcoin ETF applications. The competition for the first spot Bitcoin ETF in the United States has attracted the participation of traditional financial giants such as BlackRock, Ark Invest, Fidelity, Grayscale Investments, Galaxy Digital, VanEck, etc. The crypto community expects the SEC to announce its decision between January 8 and 10.