Tell a set of very interesting comparison data:
Mid-September (three weeks ago):
Fear & Greed Index: 48 (neutral, slightly fearful) BTC price: ~$72,000 ETF flows: continuous outflows Market sentiment: "The bear market isn’t over yet""It’s going to drop to 60,000"
Today (September 26):
Fear & Greed Index: 74 (greedy) BTC price: ~$84,000 ETF flows: net inflows for 4 consecutive days, cumulative exceeding $2.8 billion Market sentiment: "The bull market is coming""Expect 100,000+ by year-end"
Over three weeks, the price rose 17%. Sentiment shifted from fear to greed, and the narrative changed from "the end of the bear market" to "the beginning of the bull market".
Is the price change big? Actually, it’s not that big—17% is nothing in crypto.
Is the sentiment change big? It’s a complete turnaround.
That’s the most interesting—and most dangerous—part of the crypto market:
When the price doesn’t move much, people’s minds have already gone through several rounds.
People who were still saying "everything is about to collapse" last week may be shouting "all in" this week.
Price is just the surface; sentiment is the amplifier.
The hardest part of investing isn’t figuring out the market direction—
it’s keeping your own rhythm
amid the noise of emotions.