Bitcoin’s rebound has ignited the strongest market enthusiasm in nearly two years, with the market sentiment index surging into the “Extreme Greed” range
On September 12, analysts Darkfost said that this round of Bitcoin’s rebound has sparked the highest level of investor enthusiasm seen in the past two years. The last time such strong bullish sentiment appeared was back in March 2024.
According to the related market sentiment index shared by the analyst, the score temporarily broke above 89 (out of 100), placing it in the “Extreme Greed” range.
The index combines the Fear and Greed Index and other indicators. Its scale ranges from -100 to +100, ordered from Extreme Greed to Extreme Fear, allowing it to reflect shifts in market sentiment from Extreme Greed to Fear.
Although the index includes indicators such as the “Fear and Greed Index,” their operating mechanisms are not exactly the same. During bear market cycles, sentiment-type indicators usually linger in negative territory for a long time, making their reference value relatively limited.
However, once the market trend reverses, these indicators show important observation value. Especially when market sentiment clearly turns, such indicators can provide valuable signals for investors, helping them grasp key turning points in the market.
Based on historical experience, once market sentiment moves to extremes—whether excessively optimistic or excessively pessimistic—it often signals that the market is about to reach a turning point.
Currently, after a wave of heightened enthusiasm, this sentiment indicator is gradually rolling over from high levels and moving back toward more normal levels.
Meanwhile, Bitcoin is also working to hold its current price range, as bulls and bears engage in a standoff at this level.
As for whether the market can find a new direction after sentiment cools down, investors will need to keep watching how events unfold.
#市场情绪 #链上指标分析
On September 12, analysts Darkfost said that this round of Bitcoin’s rebound has sparked the highest level of investor enthusiasm seen in the past two years. The last time such strong bullish sentiment appeared was back in March 2024.
According to the related market sentiment index shared by the analyst, the score temporarily broke above 89 (out of 100), placing it in the “Extreme Greed” range.
The index combines the Fear and Greed Index and other indicators. Its scale ranges from -100 to +100, ordered from Extreme Greed to Extreme Fear, allowing it to reflect shifts in market sentiment from Extreme Greed to Fear.
Although the index includes indicators such as the “Fear and Greed Index,” their operating mechanisms are not exactly the same. During bear market cycles, sentiment-type indicators usually linger in negative territory for a long time, making their reference value relatively limited.
However, once the market trend reverses, these indicators show important observation value. Especially when market sentiment clearly turns, such indicators can provide valuable signals for investors, helping them grasp key turning points in the market.
Based on historical experience, once market sentiment moves to extremes—whether excessively optimistic or excessively pessimistic—it often signals that the market is about to reach a turning point.
Currently, after a wave of heightened enthusiasm, this sentiment indicator is gradually rolling over from high levels and moving back toward more normal levels.
Meanwhile, Bitcoin is also working to hold its current price range, as bulls and bears engage in a standoff at this level.
As for whether the market can find a new direction after sentiment cools down, investors will need to keep watching how events unfold.
#市场情绪 #链上指标分析
