【You think FNG 65 isn’t greedy? Let me tell you a story】
Recently, the FNG index has stayed around 65, steadily sitting in the greed zone.
You might think that’s not a big deal—after all, it hasn’t reached extreme levels like 80 or 90. But the problem is precisely here. What does an FNG of 65 mean? It means market sentiment has already clearly tilted toward optimism, but it hasn’t reached the point where everyone is shouting, "This time is different."
This kind of condition is actually the most dangerous.
ONDO is up 12% over the past 7 days. Today it’s retracing 3%, with the price hovering around 0.366. Support is at 0.351, and resistance is at 0.385. There are many bullish participants in the short term; the open interest in the futures market is rising; and the estimated funding rate likely isn’t low. Put these signals together, and you get a textbook pattern of "consolidation at high levels, waiting for direction."
I’ve been through several cycles, and in times like this, I fear two things most:
First, leverage is too heavy. You make money happily when it rises, but when it drops you get liquidated directly.
Second, thinking you can always escape the top. I’ve seen too many people watching unrealized gains, thinking there’s still time to wait, only to have profit turn into loss.
This isn’t to say ONDO has no value. Its positioning and the story I discussed earlier do make sense and are genuinely interesting. But from a practical standpoint, when market sentiment enters the greed zone, your first reaction should be to check your risk exposure—not to chase the price action.
No matter how much you explain the business logic, it ultimately comes down to one practical question: Have you set your stop-loss? How much drawdown can you withstand? If you can’t answer that, then your position may already be beyond what you’re capable of.
FNG 65 isn’t the endpoint—it might just be the beginning. As for how things will move next, nobody knows. But
Recently, the FNG index has stayed around 65, steadily sitting in the greed zone.
You might think that’s not a big deal—after all, it hasn’t reached extreme levels like 80 or 90. But the problem is precisely here. What does an FNG of 65 mean? It means market sentiment has already clearly tilted toward optimism, but it hasn’t reached the point where everyone is shouting, "This time is different."
This kind of condition is actually the most dangerous.
ONDO is up 12% over the past 7 days. Today it’s retracing 3%, with the price hovering around 0.366. Support is at 0.351, and resistance is at 0.385. There are many bullish participants in the short term; the open interest in the futures market is rising; and the estimated funding rate likely isn’t low. Put these signals together, and you get a textbook pattern of "consolidation at high levels, waiting for direction."
I’ve been through several cycles, and in times like this, I fear two things most:
First, leverage is too heavy. You make money happily when it rises, but when it drops you get liquidated directly.
Second, thinking you can always escape the top. I’ve seen too many people watching unrealized gains, thinking there’s still time to wait, only to have profit turn into loss.
This isn’t to say ONDO has no value. Its positioning and the story I discussed earlier do make sense and are genuinely interesting. But from a practical standpoint, when market sentiment enters the greed zone, your first reaction should be to check your risk exposure—not to chase the price action.
No matter how much you explain the business logic, it ultimately comes down to one practical question: Have you set your stop-loss? How much drawdown can you withstand? If you can’t answer that, then your position may already be beyond what you’re capable of.
FNG 65 isn’t the endpoint—it might just be the beginning. As for how things will move next, nobody knows. But